Spain's stock market regulator CNMV has given the go ahead to Metrovacesa's break-up plan. The CNMV said in a preliminary analysis that the plan 'is consistent with stock-market rules' but added that the associated share tender offers will require further scrutiny and authorization.
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.
