Metrovacesa's majority shareholder the Sanahuja family has announced it will launch a cash offer for all Metrovacesa share that minor shareholders decide not to exchange for stock in Metrovacesa's French unit Gecina, as part of process of splitting up Metrovacesa.
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.
