Spanish property group Inmocaral is planning to list between 15-20% of its French unit Societe Fonciere Lyonnaise (SFL) on the Paris stock exchange to ensure more liquidity, Spanish daily La Gaceta reported, citing ceo Mariano Miguel. The company will place the stake to abide by new French regulations stating that the core shareholder of any listed property company may not control more that 60%. After last year's takeover of peer Colonial, Inmocaral controls close to 90% of SFL.
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