Metrovacesa's share price fell 8.4% as trading resumed after a suspension on Monday when plans to split up Spain's largest property company in two groups were announced. The plan valued Metrovacesa at EUR 76.7 per share, while the company's share price closed at EUR 118 last Friday.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
