Two Companies Are Interested in Tubes Waiting to Know What Happens to the Debt
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Tubes Reunited has aroused the interest of two Basque industrial companies, Tubacex and Sidenor, as confirmed this Monday by the Basque government spokesman, María Ubarretxena. The operation, which could materialize in an OPA or a merger, is part of the creditors’ contest that passes through the steel company Alavesa and opens a window of opportunity for the consolidation of the sector in Euskadi. The double interest on Tubes Reunited Ubarretxen…
noticiasdealava.eus
deia.eusThe voluntary competition of creditors in which Tubes Reunited is located allows companies to consult information on the financial statements of the tubera company. that it must face a great debt -about 265 million euros-, but also with important assets in the form of machinery and land. Although they have not confirmed it publicly and that they prefer to operate with discretion, Sidenor and Tubacex would have already expressed their interest to…
The Basque Government's Advisor for Governance, Digital Administration and Self-Government, María Ubarretxena, considered that there are two companies interested in Reunited Tubes to be "very positive," but said that "it is still early" and urged them to be "cautious." In an interview with Radio Vitoria collected by Europa Press, Ubarretxena referred in this way to the fact that Tubacex and Sidenor companies have shown interest in Reunited Tubes…
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