Reuters: Bankruptcy News: Spain's Renta Corporacion says may file for insolvency

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

Spain's Renta Corporacion says may file for insolvency Mar 19th 2013, 08:03 MADRID, March 19 | Tue Mar 19, 2013 4:03am EDT MADRID, March 19 (Reuters) - Trading in the shares of Spanish property firm Renta Corporacion was suspended on Tuesday after the company said its board was meeting today to study filing for insolvency. Shares in the company, which had 159 million euros ($206 million) of debt in 2012, closed on Monday down 3.4 percent at 0.57 euros. Spanish property companies are struggling to make debt payments as a prolonged downturn in the real estate market hits business and prices. ($1 = 0.7717 euros) (Reporting By Tracy Rucinski)

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