SPANISH SMALL & MID CAPS

Tubos Reunidos' share price declines by 40%

Tubos Reunidos drops 40% in two days because PWC casts doubts on its capacity to continue operating

The share price of Spanish Tubos Reunidos, manufacturer of tubular steel, has accumulated declines of 40% since the auditor’s report from PWC, publised on March 13, said the following: “significant deviations in the key measures and hypothesis of the plan (…) point to a basic uncertainty which may create important doubts about the Group’s capacity for continuing to operate.”

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