According to a report in Expansion at the weekend, citing unnamed sources close to the operation, General Electric Co is studying making a full bid for the property company.
The Spanish property group has been the focus of intense M&A speculation since its chairman and core shareholders were ejected from the board in a reshuffle just before the New Year.
U.S. conglomerate General Electric is studying a possible offer for troubled Spanish real estate firm newspaper Expansion reported on Saturday, quoting sources close to the deal.
Monday's Expansion reported that a bidding war for Colonial could ensue, with Gecina's Spanish chairman last week admitting to exploratory talks, and with market speculation that 7.2 percent shareholder Domingo Diaz de Mera is looking for bid partners
The British Prime Minister cuts a sociopathic figure, isolated, stubborn beyond belief, totally wrong and convinced that the world gravitates around her feet
The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13