Urbas Grupo Financiero has reached an agreement in principle to acquire 51% of the share capital of the Alicante-based construction company Ecisa, of which the Qatari business group Al Alfia is the sole shareholder.
This operation will involve the entry of the Qatar-based holding company into Urbas’s shareholding with a significant stake of around 3%. That will give it the right to appoint a member to its Board of Directors once an agreement has been reached for it to continue as a shareholder of the property developer.
Read the full article in Spanish.