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Spanish IPO derailed by foreign investor sentiment

Spain has to rebuild its reputation with foreign investors, according to the chairman of one of the country's largest construction companies, which had to postpone the €2.5bn ($3.9bn) flotation of its highway unit this week due to weak demand from international investors.

Luis del Rivero, chairman of construction group Sacyr Vallehermoso, called on politicians and banks to work together to promote investment opportunities in the Spanish market.

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