Metrovacesa's majority shareholders, Spain's Sanahuja family, announced on Monday in a statement to the Spanish stock market regulator CNMV the details of its takeover bid for Metrovacesa. The offer is part of a plan agreed in February 2007 to separate the company's French and Spanish assets. The Sanahujas, which hold a 70.5% stake in Metrovacesa after a buyback tender in November 2007, are offering some EUR 83.21 per share for the remaining stake in the Spanish property giant.
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