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Fadesa forced to seek protection from its creditors

Article Date : Tuesday, July 15, 2008       Bookmark on Facebook   Bookmark on Del   Bookmark on Digg   Bookmark on Facebook   Bookmark on Reddit   Bookmark on Spurl   Bookmark on Furl   Bookmark on Yahoo   Bookmark on Magnolia   Bookmark on StumbleUpon   Bookmark on BlinkList

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...


Article provided by Spanishpropertyinsight.com.
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