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Llanera hits the skids

Salad
Salad Posts: 10,189
edited September 2007 in General Charlton
as alluded to on here in the past, Llanera is in serious trouble:

www.ft.com/cms/s/0/b9579eaa-67ce-11dc-8906-0000779fd2ac
The international credit squeeze claimed its first victim in Spain on Thursday as Llanera, a Valencian real estate group, admitted it was in emergency talks with its creditor banks in an attempt to stave off bankruptcy.

A spokesman for the company told the Financial Times it was seeking to renegotiate €300m ($419bn, £209bn) in debt owed to suppliers and local savings banks in Valencia.
We do pick 'em.

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