Quabit Inmobiliaria, S.A. (BME:QBT) agreed to acquire majority stake in Rayet Construccion Sa from Grupo Rayet, S. L. for €13.1 million on May 16, 2019. 30% of consideration is payable in cash at closing while remaining 70% consideration is payable in shares of Quabit. Cuatrecasas, Gonçalves Pereira, S.L.P.acted as due diligence provider to Quabit Inmobiliaria. BDO acted as financial advisor to Board of Directors of Quabit Inmobiliaria, S.A.. Quabit Inmobiliaria, S.A. (BME:QBT) completed the acquisition of 82.95% stake in Rayet Construccion Sa from Grupo Rayet, S. L. for €14.4 million on October 7, 2019. The consideration includes issuance of 6.33 million shares of Quabit, €2.71 million in cash to be payable in next 90 days and remaining amount will be compensated for certain balances owed by the sellers.