Pursuant to a credit facility agreement originally entered into on May 7 2006, a group of institutions (the “Lenders”) granted loans to the Spanish companies Alteco Gestion y Promocion de Marcas, S.L and Mag-Import, S.L (the “Borrowers”), secured against the Gecina shares which the Borrowers own.
Blackstone and Ivanhoé Cambridge, acting in concert, announce that they hold, indirectly through jointly-held affiliates, a 64.7% interest in those loans made to the Borrowers.
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