Reuters logo
Creditors swoop on Bankia, FCC's Globalvia unit
August 12, 2015 / 4:48 PM / 2 years ago

Creditors swoop on Bankia, FCC's Globalvia unit

MADRID, Aug 12 (Reuters) - Spanish builder FCC on Wednesday said creditors of its infrastructure unit Globalvia had taken over the company, scuppering a deal struck in July to sell it to a Malaysian investment fund.

Creditors of Globalvia, which is co-owned by lender Bankia , had exercised their preferential right to buy its shares, FCC said in a statement to the stock market regulator.

Malasia Khazanah Nasional Berhad had been due to buy Globalvia for up to 420 million euros ($469.7 million), but the deal was conditional on Globalvia’s bondholders, USS, OPTrust and PGGM giving their approval, FCC had said in July.

$1 = 0.8941 euros Reporting by Sarah White, Editing by Adrian Croft

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below