MADRID, Oct 3 (Reuters) - Two Spanish investment firms with a combined 31 percent stake in French property company Gecina
have filed for bankruptcy on 1.6 billion euros ($2.1 billion) of debt, a source with knowledge of the matter said on Wednesday.
The bankruptcy proceedings follow failure by the two firms, Alteco and MAG Import, to refinance a syndicated loan.
Newspaper El Pais said Banco Popular , Bankia , NCG Banco, France's Natixis and the Royal Bank of Scotland are the banks with the most exposure to the syndicated loan. ($1 = 0.7731 euros)
(Reporting By Carlos Ruano; Writing by Tracy Rucinski; Editing by Calre Kane)
Keywords: SPAIN GECINA/BANKRUPTCY