Metrovacesa SA (ES:MVC) has released an update.
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Metrovacesa SA has disclosed a related-party transaction with significant shareholder BBVA, involving a developer loan for the ‘Symphony suites F1’ project in Estepona, totaling approximately 8.6 million euros with a mortgage guarantee, and terms including an interest rate of Euribor + 250 basis points over a 360-month period. The Audit Committee of Metrovacesa has evaluated the fairness of the deal, ensuring compliance with the Capital Companies Act requirements.
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