Quabit - search results
If you're not happy with the results, please do another search
The property developer, which in the process of being absorbed by Neinor, increased its turnover by 300% to 180.2 million euros in 2020, due to a rise in new-home completions.
Neinor's shareholders will have to approve a capital increase amounting to up to 56 million euros: the new company will have assets worth 2,000 million euros.
The Swiss bank has reduced its stake in the property developer from 4.99% to 2.21%, and communicated its decision to the CNMV a day after Neinor's purchase of Quabit.
The share prices of both property developers have registered significant increases following the announcement of Neinor's purchase of Quabit, which has seen rises of 12%.