Matutes Companies Group confirmed that finally has bought the disco Privilege Ibiza, after years of legal battle with José María Extániz, through the company Bahía de San Antonio SA, owned by the business group.
The purchase occurs after the Supreme Court has ratified a ruling of the Provincial Court that established that Matutes could take over 55% of the shares of Privilege, shares that were in the hands of Etxániz, at the price set by an independent auditor appointed by the Commercial Registry. This is how it appears in the company's bylaws.
Grupo Empresas Matutes has also announced something that we already feared, And is that this summer the Privilege Ibiza nightclub will not open its doors. They maintain that, after two years closed, it needs a reform and fine-tuning before reopening its doors.
The unknown that remains for us is if we will dance again at Privilege Ibiza in the 2023 season, or the venue will be used for other purposes, as some rumors suggested at the beginning of the summer.