Spanish Towns, Regions Owe Major Builders EU5B, Expansion Says

Spanish towns and regions owe Madrid-based builders Ferrovial SA (FER), Actividades de Construccion y Servicios SA and Fomento de Construcciones & Contratas SA around 5 billion euros ($6.7 billion), Expansion reported, without saying how it obtained the information.

In total towns and regions owe the building industry around 7 billion euros, Expansion said.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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