• Urbas will challenge its insolvency administrator’s finding that the proposed creditor agreement failed to secure the required majorities.
• The administrator counted EUR 20.33 million in supporting claims, excluding EUR 37.2 million over recognition, classification and filing issues.
• Reported supporting claims exceeded EUR 57.33 million; the company estimates more than EUR 60 million, sufficient for acceptance.
• Opposing claims totaled approximately EUR 34.12 million, including EUR 12.42 million owed to Attijariwafa Bank.
• The company disputes counting the bank’s vote as opposition, citing the creditor’s expressed intention to reconsider its position.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Urbas Grupo Financiero SA published the original content used to generate this news brief on October 27, 2026, and is solely responsible for the information contained therein.