Martinsa Fadesa to file for administration

Article Date : 15 July 2008
News Section: United Kingdom

Spanish property group Martinsa Fadesa filed for creditor protection with debts of more than €5bn, adding impetus to a stock market sell-off and forcing banks to announce an initial €350m in writedowns...

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Article provided by FT.com - Property.
Read the full article here: http://www.ft.com/cms/s/0/86426a60-525e-11dd-9ba7-000077b07658.html

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