Carbures Aerospace and Defense has formalized its strategic alliance with Grupo Aristrain, one of the most important investors in the Spanish industrial market. Carbures’s Chairman, Rafael Contreras, has signed a contract with Aristrain that would concede a loan that would reach the amount of 25 million euros. Carbures voluntarily could make this credit effective in a due date of 12 months, following the normal conditions of this kind of operations.
The agreement has been closed by Inversiones Industriales Txindoki Company, owned by Aristrain Group, so this new industrial partner would obtain a seat at Carbures’s Director Board.
Nowadays the Company has the support of institutions and its customers trust. This is due to the fact that Carbures has improved its financial situation since the beginning of the year, resulting in a debt reduction of about 50%, and an activation of cash flow lines from the banks. Aerospace and Defense’s programs are totally guaranteed and the investments present in Carbures business plan have the necessary support. This agreement implies a confirmation and an endorsement of Carbures strength. [...]