The Sanahujas, the owners of a 80.6% interest in Spain's largest property company Metrovacesa, are said to be negotiating a partial sale of their stake to creditor banks. According to Spanish media, Román Sanahuja, chairman of Metrovacesa, is in talks with banks HSBC and Banesto to swap debt with company shares. The Sanahujas, who are facing EUR 4. bn in debt, are reportedly seeking to retain a majority stake in the company.
Premium subscriber content – please log in to read more or take a free trial.
