Spanish court to rule on Alteco bankruptcy filing next week

Published October 03, 2012

| Reuters

A Spanish court will decide whether to accept a bankruptcy filing by investment firms Alteco and Mag Import next week, a court spokesman said on Wednesday.

Earlier, Alteco and Mag Import -- which control a combined 31 percent stake in French property firm Gecina -- said they were filing for bankruptcy after failing to refinance a 1.6 billion euro ($2.1 billion) syndicated loan.

(Reporting By Tomas Gonzalez; Writing by Tracy Rucinski; Editing by Sonya Dowsett)

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