Spain's Inmobiliaria Colonial may sell its 15% stake in construction company Fomento de Construcciones y Contratas (FCC) to reduce debt amounting to EUR 8.1 bn, news website El Confidential reported. An undisclosed shareholder of the company said Colonial is considering the possibility to significantly cut down its debt. Colonial has assets valued at EUR 12.5 bn. The company bought the FCC stake from Acciona last year for EUR 78 per share. FCC closed at EUR 67.9 per share on Wednesday.
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