Reyal Urbis Loses €483 Mn YTD

3/11/2014 – Expansion

The real estate company belonging to Rafael Santamaria lost €483 million and gained 33% more, €79 million, from January to September.

In the insolvency process since February 2013, the group struggles to beat a €3.39 billion amount of total debt, as well as the owners equity reaching deep in the red (€2.89 billion).

Original article: Expansión 

Translation: AURA REE

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