Spain's Metrovacesa shares soar after shareholders launch bid

MADRID Thu Dec 20, 2012 3:10am EST

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MADRID Dec 20 (Reuters) - Spain's Metrovacesa shares opened up 160 pct on Thursday after shareholders agreed to launch a bid for 2.28 euros ($3.02) per share and delist the company.

Shareholders Santander, BBVA, Sabadell and Popular set the offer price after the market closed on Wednesday.

($1 = 0.7542 euros) (Reporting By Jesus Aguado; Editing by Paul Day)

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