Reuters: Bankruptcy News: Spanish court to rule on Alteco bankruptcy filing next week

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Spanish court to rule on Alteco bankruptcy filing next week Oct 3rd 2012, 11:18 MADRID | Wed Oct 3, 2012 7:18am EDT MADRID Oct 3 (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. ($1 = 0.7731 euros) (Reporting By Tomas Gonzalez; Writing by Tracy Rucinski; Editing by Sonya Dowsett)

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