Reacting to this news, in a statement sent to the Spanish CNMV, the board of directors, president and general manager of Merlin repudiated the allegations, speaking of "disqualifications against certain shareholders and administrators" of Merlin. In the same statement, they reiterate their “mutual respect and their express decision to put in place specific mechanisms and concrete measures for management following the best governance of society”.
Hours before Monday's meeting, the management team and employees of Merlin Properties had sent in a written statement expressing their “unconditional support for the company's founders, Ismael Clemente and Miguel Ollero who, along with David Brush and some other executives made this project a reality from scratch in 2014».
It should be recalled that, currently, the capitalization of Merlin Properties amounts to 4,500 million euros. The net value of the assets in the portfolio is around 7,365 million euros.
