Metrovacesa's chairman Joaquin Rivero and the Sanahuja family are planning to split up Spain's largest developer in an agreement that will end a year-long battle for control of Metrovacesa. Under the plan, Rivero and his investor partner Bautista Soler will become 'reference shareholders' of France's Gecina, in which Metrovacesa holds a 68% stake, while the Sanahujas will increase their holding in Metrovacesa, the company has said.
Premium subscriber content – please log in to read more or take a free trial.
