Värde Partners May Force Breakup of LaFinca Socimi Due to Villarejo Case
24 September 2019 – The British fund Värde Partners, which owns 37.7% of the shares of LaFinca, may force a redistribution of the socimi’s assets should it fail to receive an acceptable offer for its shares in the firm, due to the socimi’s possible indictment in the Villarejo case.
Spanish prosecutors are investigating LaFinca concerning a series of possible crimes, including bribery, based on actions by the firm’s president and largest shareholder, Susana García Cereceda. Cereceda allegedly hired a firm owned by the commissioner Villarejo to spy on her sister Yolanda, who owns about 10% of the socimi’s shares.
Original Story: Eje Prime
Adaptation/Translation: Richard D. K. Turner