October 3, 2012 / 10:45 AM / in 5 years

Two Spanish shareholders in France's Gecina confirm bankruptcy

MADRID, Oct 3 (Reuters) - Two Spanish shareholders in French property company Gecina confirmed filing for bankruptcy on 1.6 billion euros ($2.07 billion) of debt on Wednesday.

In a joint statement, Alteco and MAG Import said the filing follows disagreements with a banking syndicate, of which one bank refused to refinance the loan.

The two firms own a combined 31 percent of Gecina.

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