Gecina plans 'definitive abandonment' of split-up plan

French property company Gecina said it is considering the 'definitive abandonment' of the separation plan agreed with Spanish parent company Metrovacesa in February 2007. In a separate statement on Wednesday, Metrovacesa said that, as a member of Gecina's board, it has not approved the decision taken by Gecina and has instead showed visible objection to the rights of such a resolution. The Spanish company added that the two companies should do whatever is possible to fulfill the agreement.

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