ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.
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Recent Articles about ENSUL MECI - EFACEC - COGERAÇÃO DO PORTO, A.C.E.
Live alerts from global media, monitored by Business Radar
2023-10-12 (observador.pt)
Efacec bondholders approve debt and interest forgiveness by a large majority
Efacec's creditors, gathered at a meeting of bondholders, accepted by a majority the change in the terms of the issue, allowing the company to have debt forgiveness.
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2023-09-15 (expresso.pt)
Creditors with different losses in the privatization of Efacec
Bondholders save more in debt forgiveness to Efacec than the State and creditor banks
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2023-09-11 (jornaldenegocios.pt)
Mutares should take over Efacec in October
Bondholders accepted a 10% cut, which opens Efacec's doors to the German fund. It remains to be seen who will assume the remaining debt, given that Mutares wanted 50%. Agreement involves Banco de Fomento, financial institutions, bond holders and Brussels.
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2023-09-11 (expresso.pt)
Efacec cancels meeting to fine-tune new conditions with bondholders and enable the sale of the company
The majority of Efacec's debt holders agreed to review the terms and conditions proposed by Efacec to facilitate the sale of the company to the German fund Mutares.
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2023-08-03 (aeiou.pt)
After all, they will not be recovered: State loses 113 million with the sale of Efacec
Banks forgive almost all the debt, but the German Mutares proposal implies a total loss of the State's injection into Efacec. They are at least 112.8 million euros. Contradicting the assurances of the holder of the Economy portfolio, António Costa Silva, who said he had “great expectations” that the value of the
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2023-08-03 (dinheirovivo.pt)
Sale of Efacec costs at least 112.8 million to the State
Mutares' proposal implies a total debt forgiveness of almost 182 million euros, when considering, in addition to the State, banks and bondholders.
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2023-07-25 (jornaleconomico.pt)
Efacec creditor banks willing to maintain the commercial relationship after the sale to Mutares
Jornal Económico found that discussions with the banks are progressing very positively, and that there is a predisposition from the outset to support the business from now on, namely with trade finance operations and company debt issues.
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2023-07-18 (expresso.pt)
Economy
The German fund Mutares has already signaled the purchase of Efacec. Creditors, banks and bondholders have their say and if they fail to forgive the debt, the banks will also have to let the debt be cut, jeopardizing the sale.
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2023-07-13 (dinheirovivo.pt)
Efacec bondholders accuse the Government of creating new victims
For these investors, if the company's debt restructuring is approved, there will be "a new generation of victims in Portugal" and "it calls into question not only Efacec, but the confidence of investors in the State itself".
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2023-07-05 (noticiasmaia.com)
Efacec's recovery plan proposes forgiveness of 50% of the debt
Efacec's relaunch plan, led by Mutares, provides for a 50% cut in the debt of 58 million euros contracted by the company in 2019, through a bond loan. This proposal will have to be submitted to the bondholders for approval at a meeting. According to the Jornal de
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2023-07-05 (dinheirovivo.pt)
Mutares wants a 50% debt cut to recover Efacec
Spanish fund will have to negotiate with creditors. At issue is a five-year bond loan of 58 million, contracted in 2019
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2023-05-25 (expresso.pt)
State has already spent €250 million with Efacec
Privatization: Banks and bondholders are called to the privatization solution and will have to forgive debt
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