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Spanish property firm shares after Reuters scoops loan deal

Spanish property firm shares after Reuters scoops loan deal

Shares in Spanish property firm Reyal Urbis jumped as much as 17 percent on Feb. 10 after Reuters quoted sources confirming that the company had reached a deal in principle for banks to cancel 409 million euros worth of debts in return for property assets. The stock market regulator suspended the stock after the report, calling for the company to officially confirm. Once it did so, the share resumed trading and rocketed up.

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