IFA completes its transformation into a public company next week

Final blows for the ultimate transformation Alicante Fair Authority (IFA) a public company. HE Trade Registry Official Gazette has published the guarantee of the project for the transfer of the assets and liabilities of this institution in favor of the newly established public limited company, this Friday, Alicante FairWhat is one of the last pending procedures?

That way, except for the unexpected, it will be next Thursday. Board of Directors formally appoint what the new CEO of the new public company will be, Beatrice Serrano, already holding the same position at IFA. Also it will be vice presidents – the chairmanship will be led by the Minister of Economy, Rafa Climent- and remaining expenses this organ

After this meeting, council plenary Friday will confirm the transfer of assets for the final time, so the next day, 1 AprilThe Torrellano fairgrounds operate strictly as a company. This will complete long recovery process facilities that are on the verge of extinction due to debt €76 million that dragged on after the failure of the expansion project.

Salvation came with the decision of the current regional administration to undertake this debt in return. reserve the land of this extensionnow a center of innovative companies will be established, among which the aerospace company PLD Space will be established.

Queues formed during one of the competitions held at IFA. Joseph Navarro


The new Fira Alacant will be responsible for the management of only two exhibition pavilions. restart the fair activity. An activity that has proven profitable without the burden of debt, as evidenced by figures from last year. Thus, IFA was closed. past exercise with a positive result 32.800 €Despite being affected by the suspension of Expo Nadal.

For the first year of operation of the new publicly traded company under Generalitat 3.2 million turnover expectedTo this must be added another 2.5 million, which the district administration will allocate to carry out the installation work of the pavilions.

In order to integrate the business world into the new publicly traded company, and as the law requires that the majority of the board of directors be representatives of the Administration, a committee of presidencies of the competition organizing committees, which will include different manufacturing sectors, will be established. the province will have a voice. .

Source: Informacion

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