Valencia-based property company Llanera risks falling victim to the combination of the global credit crisis and the current slowdown in the Spanish real estate market. The company's board held an emergency meeting on Friday to discuss the problems it is facing as it attempts to refinance EUR 304 mln of debt. Its banks, Grupo Bankaja and CAM, are unwilling to help as they believe the company's model is not viable, newspaper Cinco Dias reported.
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