EY, Cuatrecasas and Garrigues advise Urbas on Murias acquisition

EY, Cuatrecasas and Garrigues have advised Real Estate Group Urbas on the acquisition of 100% of Basque engineering company Construcciones Murias, with an economic injection of more than €30 million

This acquisition has been carried out as part of the corporate restructuring process of the group to which Construcciones Murias belonged, through a monetary injection of €12 million obtained through a line of financing exclusively granted for this purpose with the corporate guarantee of Urbas Grupo Financiero.

In addition, certain land belonging to Urbas Group, amounting to €19 million, was included in the equity of Construcciones Murias for a residential development in Corredor de Henares.

Urbas has stressed that this transaction does not compromise, but rather reinforces, its business plan for the period 2019-2022.

EY, Cuatrecasas and Garrigues took part in this deal, as legal advisors.

Garrigues team was formed by partners Javier Romero-Girón, Joseba Saez and Fernando Varga, main associate Carlos Lasa and associate Maite Otamendi (all from San Sebastián office).

Cuatrecasas team was led by partners Ignacio Buil and Mariano Ucar.

Desire Vidal