Spanish real estate company Grupo Lar to price at 10 euros/share

MADRID Fri Feb 28, 2014 3:11am EST

MADRID Feb 28 (Reuters) - Spanish family-owned real estate company Grupo Lar said on Friday it would list on the stock exchange in a 400 million euro ($547 million) deal, priced at 10 euros per share.

After the listing, bond fund manager Pimco would hold a 12.5 percent stake in the group and Lar would own 2.5 percent, it said in a statement.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.