jasiyajuhi56856
Dołączył: 05 Mar 2024 Posty: 1
|
Wysłany: Wto Mar 05, 2024 06:36 Temat postu: Arturo's solution of requesting a syndicated loan to save |
|
|
The businessman: “I will be president until the operation is closed and then, whatever the owners want” Arturo Fernandez. Arturo Fernandez. Although this is the second time that Arturo Fernández , president of the Arturo Cantoblanco Group and Madrid businessmen, publicly announces an agreement to sell 51% of his hospitality conglomerate, the truth is that everything is still up in the air . The Madrid businessman made public on Tuesday in an interview with Agencia EFE that he had already closed the new plan to save his hotel and restaurant company. A group of “friendly” businessmen and two of the usual banks that work with the company would take 51% of the company during this quarter through a capital increase. “I will remain as non-executive president,” he assured.
But this roadmap requires the bank to agree to grant a syndicated loan that allows the company to restructure the company's 35 million euro debt and, in addition, serve as collateral for businessmen who want to become shareholders in the company to control the 51 %. And here is the problem. Because, as this newspaper has learned from banking sources, the entities indicated by Arturo Fernández -Santander, Banca March, Caixa, Bankia and BBVA- do not have everything with them Middle East Mobile Number List and do not see the operation clearly. “Everything is still very green. It is in the initial phase and the operation must be analyzed very well ,” these sources assure. “Because it even seems that the Real Investment shareholder thing is not completely assured ,” one entity insists. First plan Real Investment is the name of the company that, as Arturo explained in December in his first plan to save the company, was going to buy 51% of the Cantoblanco Group (some assets, such as the shooting center, were left out).
The offer was being negotiated with the representative of that company, Luis Sans , CEO of Intereconomía, who was not acting on his own behalf but on that of “other businessmen.” That first plan involved Real Investment investing three million euros in the company , which would give it the right to 15% of the company, and subsequently another seven million more and a commitment to invest in new businesses. All of this would give them 51% of the company and the intermediary, Sans, would be named CEO of the company . In conversation with El Confidencial Digital , Arturo Fernández has acknowledged that “Real Investment has only paid the first three million euros .” “They have not paid more at the moment and so Luis Sans is not going to be named at all in the company. He is out ,” explains the president of the Ceim. “Now it is the banks that are going to, on the one hand, restructure the debt and, on the other, value new investors . They will appoint a CEO and a financial director and, when the operation is closed, I will do what they say: either stay or go explains Arturo. |
|