Group Inmobilario Tremon Pulls IPO

Grupo Inmobiliario Tremon SA, a Spain-based property developer, has pulled the plug on an initial public offering, which was planned for Dec 19. Tremon said market conditions are not adequate for the IPO to go forward. In June, it received an acquisition offer from private equity firm Colony Capital, the offer stalled when Tremon Chairman and controlling shareholder Hilario Rodriguez.'s rejection of the bid.