Troubled Spanish property giant Colonial said on Wednesday it had not taken any steps to sell its 15% stake in Spanish construction company FCC. The company's statement was issued in response to a report in newspaper Cinco Dias that cited unnamed sources close to Colonial's board as saying it might shed the FCC stake to help reduce debt and stem a collapse in Colonial's share price. The paper also suggested Colonial might sell more than 24% of French real estate company Societe Fonciere Lyonnaise (SFL).
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