“Remove the burden of liabilities, make the Company cleaner and, from a new position, boost its growth and consolidation", said Carbures’s Executive President, Rafael Contreras, at the extraordinary general meeting last Thursday. By this new financial process, the Company doubles his Company capital, overcoming already 100 million euros.
This is an operation approved by the shareholders that transforms the debt into equity and capitalizes credits for a total of 55 million euros in a firm commitment of the investors towards Carbures. The Company will have 115,047,401 new shares which will be equal to the existing ones, placing the Company in a "reinforced financial position, with little debt and with very good industrial perspectives", affirms Contreras. [...]