Alberto Alcocer

Alberto Alcocer Torra (born December 17, 1942, in Madrid, Spain) is a Spanish businessman. He is owner, with his cousin Alberto Cortina, of Alcor Holding, a patrimonial society owner of 12.5% of Grupo ACS, the major Spanish construction company, and of 21% of the wastebasket company, Ence. As of March 2011, according to Forbes, he is ranked 13th richest in Spain and 993rd globally with an estimated net worth of $1.2 billion.[1]

Biography

His uncle, Pedro Cortina Mauri, was foreign minister during the Francoist dictatorship. His paternal grandfather, Alberto Alcocer y Ribacoba, originally from Biscay, was Mayor of Madrid in the 1920s and again in the 1930s. As well as Alberto Cortina, his other cousin, Alfonso Cortina (died 2020) was also a business executive.

Alcocer studied Law at the Universidad Complutense de Madrid. In 1969, he married Esther Koplowitz in a separation of goods. After it, the cousins started being employed at the company Constructions and Contracts, which the father of his wives had founded.

In 1976, Alberto Alcocer and Alberto Cortina were already managing directors, transforming the company into a group of more than 30 societies. In 1978, they acquired 5% of the Development Bank, which belonged to the Central Bank, and, three years later, the cousins acquired some participations in the cement company Portland Valderrivas, which was property of Banesto.

In 1982, they acquired the Bank Zaragozano, and in 1987, they got into the mass media with the group Estructura. One year later, close to the Group KIO, to which they sold the majority of control of the society Urbanor in exchange for 12% that the Kuwaiti group had in the Central Bank (causative operation of the spectacular revaluation of Urbanor's actions), they created the society Cartera Central. But in 2003, both had to sell his participation in the control of the Bank Zaragozano to Barclays because one of his associates in Urbanor, the architect Pedro Sentieri, denounced them for racketeering, giving place to the case Urbanor.

The judgment was appealed in protection before the Constitutional Court for having violated the judicial effective guardianship of Cortina and Alcocer, and in June, the Supreme Court made the same, granting them the right to recover 50 million Euros paid to his ex-associates as indemnification.

Some weeks after the absolution of the case Urbanor, the magazine Forbes included Alberto Alcocer among 1000 major fortunes of the world.

References
  1. "Alberto Alcocer - Forbes". forbes.com. 2011. Retrieved 2 June 2011.
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