Duro Felguera, the international engineering group, has requested an additional increase of 20 million euros in the figure that the State Industrial Participation Society (SEPI) awarded it in relation to the temporary public support file of the Solvency Support Fund for Strategic Companies.
The Gijón-based company would therefore request the total amount of 120 million euros, since the figure initially communicated was 100 million. Duro Felguera defends that this request is due to the second wave of the coronavirus and that it is a "consequence of the prolongation of the pandemic and its damaging economic effects ", as reported in a statement to the National Securities Market Commission (CNMV).
The company specialized in the energy and industrial sectors has made the request by means of a subscription by the Fund for a capital increase amounting to 30 million euros and, through two other instruments; a participative loan amounting to 70 million euros and an ordinary loan of 20 million euros.
The State Society of Industrial Participations has communicated this Wednesday to Duro Felguera that the request is in analysis period by SEPI, since it has been carried out correctly and has been admitted for processing. According to the public entity, the petition will have a proposal for resolution at the end of January 2021, once presented to the Management Board.
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