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Realia says close to refinancing 2009 debt deal

Tue Jun 9, 2009 4:44am EDT

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* Chairman says close to refinancing 2009 debt deal

* In talks with other possible shareholder for SIIC de Paris

(Adds detail)

MADRID, June 9 (Reuters) - Spanish property company Realia (RLIA.MC) is close to refinancing 871 million euros ($1.21 billion) of debt maturing this year, chairman Ignacio Bayon said on Tuesday.

"We are now closing the deal with the banks and are hoping to close it in the shortest period possible," Bayon told reporters. "We already have a deal on the negotiating table."

Bayon also said Realia was close to securing another shareholder in its French division, SIIC de Paris (IMMB.PA).

"We are working on cutting our 82 percent stake in SIIC de Paris. We are in very advanced talks with a group over them taking a stake in SIIC de Paris," he said.

Realia is controlled by property group FCC (FCC.MC) and Spanish savings bank Caja Madrid. (Reporting by Andres Gonzalez, writing by Sarah Morris; Editing by Dan Lalor) ($1 = 0.7203 euro)



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