HomeCompaniesUrbas Buys th...

Urbas Buys the Basque Construction Firm Murías with a €30M+ Injection

The acquisition has been carried out as part of a process to restructure the group to which Construcciones Murias belonged, by means of a €12 million cash injection obtained through a financing line.

Urbas 1 1024x576 1
The company has acquired a construction firm.

The acquisition has been carried out as part of a process to restructure the group to which Construcciones Murias belonged, by means of a €12 million cash injection obtained through a financing line, granted with a corporate guarantee from Urbas Grupo Financiero.

In addition, some of the Urbas group’s land, worth €19 million, is being incorporated into Construcciones Murias’s own funds for residential development in the Corredor de Henares. “This operation does not compromise, but rather strengthens the Business Plan envisaged for Urbas for the period 2019-2022,” reported the company to the CNMV. It also assured the supervisor that it does not compromise its efforts to reduce its financial debt either.

B-Exclusives

Latest news