Spain: Spanish construction group Uralita has taken a Euro320m seven-year loan to expand its European insulation business. The group formalised the agreement with KKR Asset Management to gain financial stability and expand the business. The agreement will allow the development of the pan-European insulation business of its branch company URSA Insulation.
"Uralita considers that this transaction provides the group with long-term financial stability, shows the Company's growth potential and will facilitate continued growth in the next years," commented Javier Serratosa, Uralita's president.
