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23 August 2010
Rivero, Metrovacesa to stay in Gecina equity
Spanish businessmen Joaquin Rivero and his ally Juan Bautista Soler intend to hold onto stakes in French REIT/SIIC Gecina and back its new development strategy even though Rivero had to step down as chairman and CEO in recent months, new chairman Bernard Michel said. And there is no sign that Madrid-based Metrovacesa, the company's other main shareholder, is looking to sell its holding in Gecina. (See upcoming PIE editions for full story)