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…

Link Securities | With regard to the contract that Duro Felguera (MDF) signed with Sonelgaz-Production d’Electricité for the construction of a combined cycle power plant in Djelfa (Algeria), Duro Felguera reports that the client, unexpectedly, while the parties were negotiating a solution for the project, unexpectedly proceeded to execute the guarantees for an amount equivalent to €54.8 million. This contingency was provided for in the Restructuring Plan approved by the…

Link Securities | Duro Felguera (MDF) has reached a preliminary agreement with unions to reduce the number of workers affected by the redundancy plan, initially proposed for 249 workers, to 180, according to Expansión. According to sources familiar with the process who spoke to the newspaper, under the agreed terms, those affected will receive 25 days per year with a cap of 14 monthly payments.

Alphavalue/DIVACONS | The Asturian company estimates that the redundancy plan will affect a total of 249 workers, representing approximately 17% of a workforce of around 1,400 employees. This measure is part of the adjustment process initiated by the company and comes after the negotiating committee was finally established on Friday in its second attempt.