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28 May 2012

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French Gecina minorities worried over board changes

Minority shareholders in French REIT Gecina are worried that a planned board overhaul will enable key Spanish shareholders to increase their influence. Small shareholder group Adam fears the restructuring may be used by Spain's Metrovacesa, its and Gecina's former chairman Joaquim Rivero, and his ally Bautista Soler, to gain more control.

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