Spanish property firm Urbas is close to acquiring two non-listed property companies and an energy firm for a total of EUR 800 mln. During a business forum in Madrid, Urbas' ceo Juan Antonio Ibanez revealed the company is currently in advanced talks to buy two unnamed real estate companies, linked to a savings bank, for a total of EUR 500 mln. Ibanez indicated that one of the companies, worth some EUR 400 mln, is based in the south of the country in Andalucía.
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