MADRID AFP — The head of Metrovacesa, the biggest property group in the eurozone, has launched a counter-bid worth 2.1 billion euros (2.67 billion dollars) for 26.0 percent of the business. The offer was made on Friday by two companies, Alteco Gestion and Mag Import, controlled by the president...
Byline: Michael Hoare Bami, the Spanish real estate company, is keeping Deutsche Bank and Merrill Lynch, the banks working on its merger with rival Metrovacesa, on tenterhooks while it decides whether to hire them to help fight a competing bid.The company faces an unexpected...
CONTINUED FROM FRONT PAGE took the building off HSBC's hands in a sale-and-leaseback last year worth 1.09bn, the highest price paid for a property in the UK. The group has until November to refinance the loan, which was provided by HSBC. However, market sources said that...
Goldman Sachs has been instructed to sell a stake in HSBC tower, the landmark skyscraper in Canary Wharf, to help pay off a 810m loan on the building, writes Mark Leftly. Metrovacesa, the Spanish property giant, racked up the debt when it took the building off HSBC's hands...
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