(Adds denial from source)
MADRID Feb 27 Pontegadea Inmobiliaria, the
property holding firm of Spanish billionaire Amancio Ortega, is
not planning a public share launch, a company source said on
Thursday, denying an earlier media report.
Spanish news website El Confidencial earlier reported that
Ortega - founder of textile giant Inditex - planned to
list his property holdings in a real estate investment trust
worth more than 5 billion euros ($6.83 billion).
A source from Pontegadea denied the company would go public.
Sources with knowledge of the matter told Reuters last month
that Ortega - the world's third-richest person according to
Forbes magazine - was interested in possibly buying into
property company Realia.
($1 = 0.7317 euros)
(Reporting By Elisabeth O'Leary and Sonya Dowsett; Editing by
David Goodman and David Evans)