Spanish property giant Inmocaral may finance the acquisition of Riofisa by issuing EUR 600 mln to EUR 700 mln worth of new shares, Inmoracal's ceo Mariano Miguel told in an interview to the Spanish newspaper El Economista. It is understood that the company is also interested in increasing its stake in the construction company Fomento de Construcciones & Contratas (FCC) from 15% to 20% This would allow Inmocaral to include part of FCC's earnings in its own results, according to accounting rules.
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