December 2005: Ercros, S.A., Spain’s largest public speciality chemicals manufacturer, successfully completes a rights issue for PTAs 6,350 million (Euros 38 million) doubling its capital base in the process.

This rights issue represents the culmination of three years’ restructuring of the Ercros Group, and assures the financial position of its principal operating subsidiary, Erkimia, S.A.

SOCIOS acts as advisor to the company and designer of the operation.