Dubai Investor Eyes Spain's Colonial

Colonial is Spain's second-largest real-estate company by assets and has been hit hard by tightening financial conditions and sharply slowing new home sales. The company's low share price has fueled interest in a possible takeover of the company. It lost 62% of its value last year amid growing fears of a sector slowdown. In the face of a declining share price, banks in late December started unloading shares. The shares have retreated 12% this year.