Reuters: Bankruptcy News: Quabit shareholder Rayet to file for bankruptcy

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Quabit shareholder Rayet to file for bankruptcy Nov 9th 2012, 12:04 MADRID | Fri Nov 9, 2012 7:04am EST MADRID Nov 9 (Reuters) - Grupo Rayet, a leading shareholder in Spanish property company Quabit, said on Friday it planned to file for bankruptcy in coming days after failing to reach an agreement to renegotiate its debt. It said Quabit itself had done a debt refinancing deal last January "which guarantees its viability in the medium term during times of particular uncertainty". (Reporting By Tracy Rucinski; Editing by Dan Lalor)

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