The government reminded For creditor funds to take control of Celsa, they must first obtain your express consent.. This was stated by the Ministry of Industry in a statement released this Tuesday, in response to Barcelona’s 2nd commercial court ruling against the Rubiralta family and the steel company’s transfer of its properties to a holding company. Companies to which the family owes about 2 billion 400 million euros.
Although the sentence is final and there is no objection to it, Rubiralta does not consider the war to be lost.and apply for this government concession in operations involving strategic companies like yours. In a statement also released this Tuesday, family leadership promised “Necessary actions” to ensure “continuity of the industrial project” and recalled previous links and support displayed by both the Government and the Generalitat Government, as well as employers and unions who, prior to the trial, were wet in favor of Rubiralta’s continued control of the steel group.
“The ownership and effective control of the firm by its financial creditors will not be valid until the operation is authorized by the Council of Ministers, where investors must make relevant consultation or submit a request for authorization,” the Ministry of Industry said in a statement. he reminded.
A sufficiently vague statement they do not clarify whether to enable this option and emphasized that the main purpose is to “guarantee the future existence of the company, to guarantee the integrity of the business units, the continuity of all business, the continuity of the registered office in Spain and the modern working environment”. , independent and professional corporate governance”.
The ministry, led by Héctor Gómez, did not disclose whether this was through Rubiralta or through funds. However, the current temporary state of the Executive, current leadership can maneuver by all margins He would have done this if he had not been on duty.
Celsa’s new bosses had announced that they would waive the 550m euros in rescue aid they had approved during the pandemic, already reaching out to the Executive after the sentencing, unless the government prevented it. “The resulting savings for the Spanish State and taxpayers,” according to the Fund. The date when the new owner will take over the control of the company has not been determined, and the new board of directors to manage the company has not been defined. A stalemate scenario now opensWhere Rubiralta will try to use all its capacities for legal and political pressure to avoid this.