Monday, August 11, 2008

Spain's Habitat says seeks partners, not for sale

(Reuters) - Unlisted Spanish real estate company Habitat is seeking additional equity from investors willing to buy a stake as part of its restructuring, a company spokeswoman said on Friday.

Barcelona-based Habitat agreed on a 1.6 billion euro ($2.43 billion) refinancing in February, saving the company from insolvency. Habitat is suffering from the collapse of Spain's real estate boom and the global economic slowdown.

"The company is seeking partners, but a sale has been ruled out," the spokeswoman said, contradicting recent press reports that said the company was up for sale.
q

Property in Spain

Spanish real estate articles

Marbella real estate net