Colonial supports its dome with a Metrovacesa councilor

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

In the event that an "event of potential competition" could arise, the company will ask the shareholders meeting to "dispense" the new director and allow her to "act as a member".

Colonial supports its dome

Colonial, led by Pere Viñolas, has appointed two new independent directors, one of which, Ana Bolado Valle, holds the position of Proprietary Director, representing Banco Santander, on the board of Metrovacesa.

The socimi considers that the activity that the counselor develops in the housing promoter does not imply a conflict of interest with the objectives of Colonial. However, in the event that an "event of potential competition" could arise, the company will ask the shareholders meeting to "dispense" the new director and allow her to "act as a member of Colonial."

With this operation, the company estimates that "it is not possible to expect harm to society" and, on the contrary, highlights "the interest" for the company of its incorporation. In any case, Colonial will submit the appointment of Ana Bolado and the exemption situation to the approval of the general meeting of shareholders called for next June 14, where Ana Peralta will also be appointed as independent director.

The meeting comes just a year after the Axiare soci and Qatar merger was closed and strengthened by the company as its first partner, raising its stake in the soci to 20%. Colonial addresses a growing investment plan through the purchase and rotation of real estate and has ongoing projects that involve an investment of 1,200 million euros.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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