The Álvarez family, founders of Eulen and Vega Sicilia, is in mourning. On March 23, Jesús David, eldest son of Don David Álvarez and the neutral brother in the war that the family has maintained for a decade, died. Jesús David maintained a relationship with all of his siblings, thus, he had a sincere affection for María José, the eldest of the three girls and always supported his father, to whom he remained loyal despite his siblings. María José and David Álvarez bought Jesús David’s shareholding package in Eulen, which allowed them to group 60.56% of the shares and Jesús David to move away from family troubles.
Jesús David was married to María Becerril and they had two daughters, Carlota and María. All have kept a low profile throughout these years, and except for family photographs, no image of David Álvarez’s firstborn has emerged.
The Álvarez family has published an obituary on ABC announcing his death, in which they return to family peace, since all the members appear united, at least on paper. Next Monday, April 17, the parish of Santa María de Caná, in the Madrid town of Pozuelo de Alarcón, will celebrate the funeral for his memory. It will be time to confirm the rapprochement between the sons of David.
It should be remembered that the problems arose when the patriarch decided to resume his business activity after leaving the business in the hands of his children. At that time, part of his children, classified as wayward, tried to disqualify him. Among the endless operations they carried out was selling Eulen’s shares to El Enebro, the company in which the wayward people have a majority, and which Vega Sicilia manages. Although this operation was challenged in court and last year the judges concluded that the wayward breached the duty of loyalty to the father, they have repeated the maneuver, this time in the Juniper.
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