Fadesa forced to seek protection from its creditors

Article Date : 15 July 2008
News Section: Spain

Fadesa, Spain’s biggest house builder by assets, is the latest casualty of the Spanish property market crash. The company was forced yesterday to seek protection from its creditors in the biggest case of insolvency in Spain’s history. Fadesa, which was taken over last year by fellow Spanish developer Martinsa, to become Martinsa-Fadesa, said that voluntary...

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