Afirma shares rise by 30% on hopes of debt refinancing

Shares in Afirma, the Spanish property company formerly known as Astroc, soared by as much as 30% to EUR 1.73 on Tuesday on hopes the company would successfully refinance EUR 667mln worth of debt this month. The rise compounds share price gains of over 50% by Afirma on Monday. In a statement to the Spanish stock market regulator after the marked closed on Monday, Afirma said it had no explanation for the share price advance.

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