Metrovacesa's major shareholders Joaquin Rivero, Bautista Soler, and the Sanahuja family have agreed an exchange rate of 1.7 Metrovacesa shares for each share of its French unit Gecina. The deal values Metrovacesa's at EUR 75.67 per share and Gecina's at EUR 129.36, the investors have told the Spanish stock exchange regulator CNMV in a regulatory filling.
Portuguese real estate investor and developer Bondstone is investing around €70 mln in a residential development in Belas Clube de Campo, municipality of Sintra, Portugal.
