Spanish stocks - Factors to watch on Wednesday

MADRID May 27 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

AFIRMA AFRA.MC

Spain's property slump will wipe out at least half the sector and drag out until 2011, one of its biggest developers, Afirma, said on Tuesday, adding that it would have to renegotiate debts due to worsening trade.

Felix Abanades, chairman of residential developer Afirma, said that in the face of such harsh market conditions, Afirma was forced to table new talks with creditors, 11 months after agreeing new financing terms. Minutes later rival Reyal Urbis (REYU.MC) said it was already talking with creditors over changes to its business plan which would mean changing debt payments.

For a full story, please click on [ID:nLQ956725]

DOGI (DGI.MC)

The Spanish textile maker has filed for administration having failed to obtain financing.

For a full story, please click on [ID:nLR567857]

REALIA (RLIA.MC)

The property group has agreed with creditors to restructure 900 million euros of its debt, around one third of the total, Expansion reported citing sources close to the talks.

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