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Quabit’s Losses Soared to €147 Million in 2020

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.

Quabit & Neinor Convene Their Shareholders to Approve Their Merger on 31 March

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.

Julius Baer Reduces its Stake in Quabit to 2.2%

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.

Investors Applaud the Neinor-Quabit Operation

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%.