Dublin-based Nexgen Capital, a subsidiary of French bank Natixis, has bought 50 million shares in Spanish property giant Inmobiliaria Colonial from its former chairman Luis Portillo. The buy brings the bank's stake in Colonial to 5.4%, representing a total 88.3 million shares, the French bank said in a statement to Spain's stock market regulator CNMV. Portillo has borrowed EUR 102mln from Natixis, using about 50 million shares, about 3.06% of Colonial's share capital, as guarantee.
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