Urbas suma más adhesiones a su plande rescate en la recta final del concurso

Debt Resolution Corp, a creditor with a 3.6 million euro debt, has changed its initial opposition to adhere to the resolution plan for Urbas. With just days left before the deadline to comment on the last adjustments to the viability plan proposed by the company to repay 144 million euros, it remains unclear whether the judge will rule in favor of the company or follow the recommendation of the conciliation administrators (Auren and Kepler Karst) who advise liquidation. For the agreement to succeed, more than 50% of the ordinary debt must adhere to it.

Urbas informed the judge that it holds more than 60% of the debt, including credits from Germux and Larisa (amounting to about 25 million euros) which were contested due to their association with Juan Antonio Acedo, the company's president. Excluding the two creditors, technical equality appears to exist after Debt Resolution, holding credits amounting to 3.6 million euros, has communicated its change of stance to adhere to the plan.

The proposal presented on October 16, 2026, includes a plan to modify the direction of its vote, seeking favorable adherence to the creditors' agreement. Debt Resolution has communicated this change to the judge, as reported by EXPANSION. With this adherence, the number of adherences and oppositions is equal, putting other creditors, such as Sareb and Asefa, in a position to potentially change their vote. The deadline is days away.

In parallel, the CNMV has received a complaint from minority shareholders against the selection of Auren and Kepler Karst as Urbas' administrators. They accuse them of falsehood and omission in sworn statements, concealment of conflicts of interest, and a false appearance of independence in the selection process. They are requesting an investigation, protection for investors, and the clarification of responsibilities.