Re: Cobas AM: Nueva Gestora de Francisco García Paramés
Francesco Garcia Parames, founder and chief executive of Cobas, said he opposed the capital raising, saying it watered down massively the stakes of current investors.
Cobas said it would consider “additional measures” after it lost the vote.
“We accept the decision, but will consider what additional measures are in the best interest of the company,” Cobas said in a statement after the event.