Duro Felguera continues to move forward. Yesterday, the company held its Ordinary General Meeting, in which the shareholders approved the management of the Board of Directors, the annual accounts, the Management Report and the remuneration policy of the Board for the next three years.
The CEO of Duro Felguera, Jaime Argüelles, presented last Thursday to the market the main lines of the Company’s business plan and the capital increase project to allow two new industrial partners to become shareholders. Before a large representation of analysts and the media, he explained that it is a plan that marks the passage “from a phase of viability to another of growth and expansion” and expressed his conviction that it will be “very beneficial for the shareholders, the stakeholders of Duro Felguera and its workers”.
Duro Felguera communicates the following information in relation to the execution of a binding memorandum of understanding (the “MOU”) dated 21 February 2023 between Grupo Promotor de Desarrollo e Infraestructura, S.A. de C.V. (“Grupo Prodi”), Mota-Engil México, S.A.P.I. de C.V. (“Mota-Engil México”) and Duro Felguera.
The ultimate objective of the MOU is the contribution of funds to Duro Felguera and the incorporation of Grupo Prodi and, in the scenario described in point 9 below, Mota-Engil Mexico as industrial partners of Duro Felguera, with the specific purpose of ensuring the long-term viability and sustainable growth of Duro Felguera.
The object is the construction of permanent infrastructures for the serial production of foundations for the offshore wind market, as well as the alternative expansion of the storage area for the manufactured equipment.
•Executive President: Eduardo Espinosa Bustamante Management of the Services Business Unit: Juan José Herrero Rodríguez • Economic and Financial Management: Guillermo de Alba Rodríguez •
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