MADRID, Dec 16 (Reuters) - Spain's Colonial
In a regulatory filing, Colonial said Goldman Sachs
Eurohypo was expected to likewise exercise an option to buy
3.396 percent of FCC on Tuesday, in addition to 7.25 percent in
Colonial's French unit SFL
FCC shares closed at 24.65 euros on Madrid's stock exchange, while SFL shares closed at 27.50 on the Paris exchange.
Earlier this month, Colonial set a strike price of 30 euros a share on its 15.45 percent in FCC, and of 35 euros per share in its 33 percent of SFL.
In September, Colonial agreed to sell its FCC and SFL
stakes as part of a deal with its creditors -- including
Goldman Sachs, Eurohypo, Royal Bank of Scotland
Colonial had 8.975 billion euros of debt at the end of September.
Spanish property firms have suffered falls of more than 30 percent in house sales this year as a 12-year construction boom has bust amid a global credit crunch.
Martinsa Fadesa, once Spain's biggest property company, filed for administration in July. (Reporting by Andres Gonzalez; Writing by Martin Roberts, Editing by Leslie Gevirtz)