Metrovacesa's chairman Joaquin Rivero intends to reduce his holding in the Spanish property company, newspaper BolsaCinco has reported. Rivero raised his stake in the company to around 19% in September after launching a public offer for Metrovacesa in order to compete with the Sanahuja family, which is currently the largest shareholder.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
