Spain's Villar Mir buys 19.3 pct of Colonial
MADRID Jan 14 (Reuters) - Spain's family-owned Villar Mir group said on Monday it has purchased 19.33 percent of bank-owned real estate company Colonial from Royal Bank of Scotland, at a price of 1 euro per share, for a total investment of 44 million euros.
Villar Mir, controlled by the chairman of Spanish builder OHL, agreed earlier this month to invest 300 million euros in Colonial. It was not clear whether the 44 million euros are part of this larger investment.
Peruvian and Andorran investors have also pledged major investments in Colonial if its board approves a debt restructuring and recapitalisation plan at an extraordinary shareholder meeting scheduled for Jan. 21. (Reporting by Fiona Ortiz; Editing by Julien Toyer)