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Studies by Duro Felguera call for more funding amid war in Ukraine and conflict with Algeria

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MADRID, June 24 (EUROPA PRESS) –

Duro Felguera is considering the possibility of obtaining an additional line of financing to deal with the effects of the war in Ukraine, the general increase in material and energy prices or the current conflict situation between Algeria and Spain.

In order to mitigate some of the effects caused by the war in Ukraine, the government has enabled urgent measures through a series of guarantees for financing operations, granted by financial institutions and managed by the ICO.

“The company, as part of its usual financing activity, is studying the possibility of obtaining an additional line of financing, in order to dynamically promote projects and make investment decisions that allow it to meet its profitability plan,” Asturian explained to the National Securities Market Commission (CNMV ). .


In the same way and with the same objective, the company has stated that it is looking for other financing options to implement its profitability plan, including those related to a relevant investment project in Asturias and additional guarantee lines to those already covered to meet the needs when awarding new future ones projects.

“Duro Felguera, like other companies in the sector, continuously carries out an assessment of the potential economic impact of certain unforeseen circumstances outside the company, such as the war in Ukraine, the general increase in material and energy prices, or the current conflict situation between Algeria and Spain, in their normal activities, to take the necessary corrective measures and to anticipate future situations,” he stressed.


Source europapress.es

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