Share

Maire Tecnimont: red for 207 million, capital increase announced

The hydrocarbon plant engineering company closed the year with a net loss down by 30% compared to the previous year, at 207 million euros – A 500 million reorganization maneuver announced: 150 million will come from a capital increase.

Maire Tecnimont: red for 207 million, capital increase announced

The 2012 of Maire Tecnimont goes into the archive, which closes with a net loss of €207,6 million, down 30% on the previous year's €296,4 million, and with a negative Ebitda of 159,2 million, against 305,2 in 2011. The company's board of directors, as announced in a note, has approved a financial reorganization maneuver for a total of 500 million euros.

The financial maneuver includes a capital increase of 150 million (15 of which reserved for the partner Ardeco of Abu Dhabi), a rescheduling plan of approximately 300 million of the medium-long term debt up to 31 December 2017, already approved by some of the banks creditors, and a new loan of 50 million with the same maturity.

Shareholders will be offered a share of 135 million at market prices, while Maire Gestioni, the majority shareholder of the group, has already declared its irrevocable commitment to pay at least 60.

comments