Ruiz-Mateos' children will not receive a single euro from Rumasa

At the end of July the news broke that the court had ruled in favor of the Ruiz Mateos family and the Superior Court of Justice of Madrid had ordered the State to recalculate the value of the Rumasa group, forty years after its creation.

Oliver Thansan
Oliver Thansan
10 October 2023 Tuesday 22:56
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Ruiz-Mateos' children will not receive a single euro from Rumasa

At the end of July the news broke that the court had ruled in favor of the Ruiz Mateos family and the Superior Court of Justice of Madrid had ordered the State to recalculate the value of the Rumasa group, forty years after its creation. expropriation.

In addition, the State also faces the payment of million-dollar compensation to the businessman's heirs, since in 1983, when the expropriation occurred, the State negatively valued the Rumasa group, and set the price per share at zero euros. . While the family has assured throughout this time that the value of the group exceeded 13.7 billion euros.

Now, four decades later, Justice has ruled in favor of the Ruiz Mateos family, who has been fighting in court for years to obtain said compensation. But the latest information that has come out regarding the case could give a 180 degree turn.

The Antena 3 program And Now Sonsoles revealed this Wednesday that the space team had managed to gain access to a document that showed that the fourteen children of the deceased will not see a single euro of compensation. The document in question had been signed before a notary by Ruíz Mateos himself in January 2015, exactly the same year in which he died.

In it, the businessman transferred all rights to Rumasa's compensation to his trusted person at that time and his advisor, Jesús Urdiciáin. The two met in October 2013, when Ruiz Mateos called him to make a series of arrangements. ''What he does is transfer the rights to me so that I can manage and pay the investors of Nueva Rumasa,'' declared Urdiciáin. ''I am the one who has to claim that compensation from the State,'' he declared.

Due to the existence of this document, the businessman's family, including his wife, Teresa Rivero, would be completely separated from the payment of compensation and would not see a single euro of the almost 14,000 million euros. ''He gives it to me, because he doesn't trust her children. The word is: ''I deny my family and my entire environment because they have deceived me,''' Urdiaciáin said.