Spanish savings bank Bancaja has sold its 5.176% stake in Metrovacesa to the local investment company Hemisferio for EUR 632 mln. Bancaja said it sold almost 5.27 million Metrovacesa's shares at EUR 120 each, meaning Metrovacesa's chairman Joaquin Rivero has lost an ally, Spanish newspaper Cinco Dias has reported.
A 4-acre, freehold site at Kings Cross in the capital’s Knowledge Quarter is expected to attract international interest.
