Merlin Says IPO Size Cut Due to `Dangerous' Market

Merlin Says IPO Size Cut Due to `Dangerous' Market Play

June 30 (Bloomberg) -- Ismael Clemente, chief executive officer of Merlin Properties SA, discusses the reduction in size of its initial public offering to 1.25 billion euros ($1.7 billion) from an earlier plan to raise 1.5 billion euros. He also speaks from Madrid about the outlook for the Spanish property market with Anna Edwards on Bloomberg Television's "On the Move." (Source: Bloomberg)

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