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The Sale of the Socimi Excem SIR to Narbón: Paralysed

Excem SIR's Board of Directors has stated that it has no record of the conversations that Narbón said it was going to carry out with the company's shareholders.

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Excem SIR, a company specialising in the acquisition, renovation, decoration, comprehensive management and divestment of residential assets aimed at students and young professionals, informed BME Growth on Friday that the process of selling the Socimi to Narbón has been halted.

Specifically, Excem SIR has indicated that the company’s Board of Directors met two days ago and declared that it has no record of the conversations that Narbón said it was going to hold with the shareholders of the Socimi to keep them informed of the progress in terms of the financing of the operation. The deadline for the presentation of an offer or guarantee that would allow an extension for the execution of an offer to be granted expired on 28 January.

Read the full article in Spanish.

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