The majority shareholders in Spanish listed property group Realia have announced plans to take on a new shareholder to acquire a 'significant and stable' stake in Realia as part of a programme to strengthen the company.
The majority shareholders in Spanish listed property group Realia have announced plans to take on a new shareholder to acquire a 'significant and stable' stake in Realia as part of a programme to strengthen the company.
In a statement to the Spanish stock market regulator on Monday, Spanish builder FCC and private savings bank, Caja Madrid, said that plan is designed to boost the financial position of the company and could include the launch of a capital increase.
'We are considering a plan to incorporate a new shareholder to Realia's business, who will take a significant and stable interest to bring in value and development possibilities for the future of the company,' FCC said.
The two companies, which listed their Realia joint venture in May 2007, currently own a 51% of Realia thought their joint venture RB Business Holding.
