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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]
Expatica's ‘i am not a tourist’ Fair comes to Spain on Saturday, 12 June 2010 at the Hilton Hotel in Madrid! It will be THE day for expats in Spain to get together.
Expatica invites expat entrepreneurs in Spain to share their experiences of setting up and running their businesses in the country.
Check out our What's on calendar and add your own event.
Here's a short introduction to our Banking section for those living in Spain.
Here's a short introduction to our Where to Live section in Spain.
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