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31 May 2012
Frankfurt am Main, Germany
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20 June 2012
London
Spain's Santander bank postpones Banif asset sale
Spain's largest banking group Banco Santander has postponed the sale of assets from the E2.6bn Banif Property Investment Fund, a mutual real estate fund it is trying to unwind, citing the illiquid and depressed state of the domestic property investment market. The manager is hopeful over expected advantages that will follow legal modifications for fund liquidation.