Duro Felguera, a Spanish company with participation from the Portuguese Mota-Engil through its subsidiary Mota-Engil México, obtained approval from creditors for its restructuring plan.
The company announced, this Tuesday, the 28th, that it has concluded the period of negotiations with creditors, which took place before the competition.
The plan, which was approved last Friday, includes the sale of non-strategic assets and a loan of 10 million euros, which will be converted into capital by its main shareholder, the Prodi Group. It is important to note that Mota-Engil will not monitor this operation, resulting in the dilution of its stake in the company.
Following the approval, Duro Felguera submitted to the Commercial Court No. 3 of Gijón a request for judicial approval of the restructuring plan, formalized in a public deed on October 21, 2025. The company communicated to the Spanish market regulator, the Comisión Nacional del Mercado de Valores (CNMV), which, with this presentation, ends the period of negotiations with creditors and begins the process of judicial approval.
The restructuring plan includes the sale of assets that are 30.77% owned by the Prodi Group and 23.89% by Mota-Engil México, which is 51% controlled by Mota-Engil SGPS.
Furthermore, the plan foresees the restructuring of the financial debt with creditors, with the possibility of forgiveness that can reach 100%, in addition to the establishment of new payment conditions and amortization schedules.
This initiative comes after months of negotiations with creditors, in an attempt to guarantee the viability of the company, which had already requested protection from creditors in December last year. Since then, Duro Felguera has obtained three extensions of the deadline for negotiations, but a recent court decision prevented further extensions, leading the company to accelerate the formalization of the restructuring plan.
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