Colonial

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Market chatter: T-bills auction time!

MADRID | By Jaime Santisteban | Time for EU peripherals’ sovereign debt auctions: Spain, Italy, Ireland and most importantly, Greece, which is back on the market after 4 years. Note that the successful Greek sale pushed down the yields of its neighbors. Besides, Qatar’s sovereign wealth fund has become shareholder of Colonial, following the steps of big finance firms like Fidelity that recently renewed their bet for Spanish listed companies and volatile real estate. Colonial rose by 14.3 % at the closing bell.


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Spanish midcaps Colonial and Realia trend real state market upwards

MADRID | By Fernando G. Urbaneja and Julia Pastor | The depressed Spanish real state sector wakes up slowly, and hopefully, steady thanks to Inmobiliaria Colonial and Realia, two midcap construction companies, which went through the sorrows of housing markets crash. The first is involved in a €1 billion capital increase; the second is said to be bought a major stake by Amancio Ortega, Inditex chairman and third world’s wealthiest businessman.