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

To contact the editor responsible for this story: Craig Stirling at

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.