Braas Monier Building Group S.A. (DB:BMSA) signed an agreement to acquire the remaining 53% stake in Tejas Cobert S.A. from Uralita SA (CATS:URA) for €26.5 million in cash on October 31, 2014. The consideration includes existing inter-company loans. The acquisition will be completely financed by Braas Monier from existing cash on hand. Cobert will remain the brand and its sales team will continue. Tejas Cobert reported revenues of €32.1 million in 2013. The transaction is expected to be closed in early January 2015 at the latest. Ernst & Young Transaction Advisory Services España acted as financial advisor for Braas Monier Building Group. J&A Garrigues, S.L.P. acted as a legal advisor to Uralita SA (tax advisor). Federico Merino of Jones Day acted as legal advisor for Braas Monier.

Braas Monier Building Group S.A. (DB:BMSA) completed the acquisition of the remaining 53% stake in Tejas Cobert S.A. from Uralita SA (CATS:URA) on January 14, 2015.