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Provider: Reuters Investment Profile
Provider: Wright Reports

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Reyal Urbis SA Nears Bankruptcy As Banks Reject Debt Plan-Reuters

Friday, 15 Feb 2013 11:43am EST 

Reuters reported that Creditors of Reyal Urbis SA rejected the Company's EUR 3.6 billion (USD 4.8 billion) debt restructuring proposal. Reyal Urbis SA had until February 23, 2013 to reach an accord with its lenders or begin bankruptcy proceedings, a deadline set by the courts. The Company's creditors include Santander, BBVA, Bankia and Banco Popular. Reyal Urbis said in October 2012 if it could not reach an agreement with its creditor banks it might need to seek creditor protection. 

Company Quote

0.0090 +7.83%
18 Feb 2013