Auren and Kepler Karst leave Urbas without majorities for the concurso to prosper
Another twist in the Urbas case after the bankruptcy administration exercised by Kepler Karst and Auren rejects the company's version and has informed the judge that the proposed agreement has not reached sufficient majorities to succeed.
The administration of Urbas, led by Kepler Karst and Auren, has rejected the company's proposal for a payment plan, stating that it did not achieve the required majority. According to Auren Kepler Karst, the plan needed a simple comparative majority, but only 20.3 million euros (27.12% of ordinary liabilities) voted in favor, while 34.1 million euros (45.52%) voted against.
Urbas disputes the count and plans to challenge the exclusion of certain creditors from the calculations. The rejection of Urbas' plan is led by Sareb, Asefa Seguros, BBVA, Abanca, Sabadell, and the Agencia Tributaria.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
