Alphavalue / Divacons | The Asturian company’s shares fell by 4.27% on Friday after the extraordinary shareholders’ meeting approved the restructuring plan by a majority vote of over 99.99%. The roadmap includes debt relief, a €10 million capital injection from Prodi, the sale of non-strategic assets and a reduction of up to 500 jobs, according to Agencia EFE.
The aim of the plan is to overcome financial and business difficulties and ensure the viability and future of the company, founded in 1858 in the Asturian municipality of Langreo, where it is expected to relocate its headquarters once the sale of its headquarters in Gijón is finalised.
