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HomeLatest NewsThe Mexicans Prodi and Mota-Engil enter the capital of Duro Felguera

The Mexicans Prodi and Mota-Engil enter the capital of Duro Felguera

Date: March 27, 2023 Time: 13:28:16

Duro Felguera has reached an understanding agreement for the incorporation into its capital of two industrial partners, the Mexican Grupo Promotor de Desarrollo e Infraestructura (Prodi Group) and Mota-Engil México, which will contribute 90 million euros, as reported on Tuesday the Asturian multinational to the National Securities Market Commission (CNMV).

Duro Felguera has highlighted that, with this agreement, “a key milestone in the roadmap started three years ago is being successfully advanced” for the implementation of “a definitive solution” to the situation of society, which in 2021 was the subject of a temporary public rescue of 120 million euros by the Solvency Support Fund for Strategic Companies of the State Company for Industrial Participations (SEPI), and another 6 million by the Principality of Asturias.

The final objective, the engineering and capital goods group has pointed out, is “to ensure the long-term viability and sustainable growth of Duro Felguera”, since these are two companies that will not only contribute resources but also get involved” in a stable way in the composition of the shareholders in their capacity as industrial partners”.

new opportunities

“This will make it possible to generate opportunities with new industrial projects, provide synergies for business expansion and growth in an international environment,” added Duro Felguera, who is confident of obtaining “a position of strength and solidity in the market and becoming one of the main operators in the sector.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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