Sun, 22 November 2009
| Index | Last | Var.(%) |
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15 July 2008
SPAIN - Directors of Martinsa-Fadesa, one of Spain's largest real estate groups, held an emergency board meeting Monday night after reports that the company may file for bankruptcy caused its share price to plummet for a second session in a row.
Stock market regulators suspended trade in Martinsa-Fadesa stock after it lost 25 percent early in the session. That fall came on the back of a similarly sharp plunge on Friday.
The bankruptcy rumors have surfaced on news that the group is struggling to secure financing.
[El Pais / Expatica]
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