Information concerning Financial Aid from the FASEE
General information The Council of Ministers, at its meeting held on 9 March 2021, agreed to authorise the temporary public financial support operation requested under the Solvency Support Fund for Strategic Companies (hereinafter the Fund), whose dossier was favourably resolved by its Management Board on 3 March 2021. This temporary public financial support has been divided into two phases. The first phase, consisting of the disbursement of a participative loan of 20 million euros and an ordinary loan of 20 million euros, both received in May 2021, and a second phase, completed on 29 November 2021, which involved the disbursement of an additional 80 million euros through a participative loan. The Duro Felguera Group companies benefiting from this aid are: Duro Felguera, S.A., DF Mompresa, S.A. Unipersonal, DF Operaciones y Montajes, S.A. Unipersonal, DFOM Biomasa Huelva, S.L. Unipersonal, Duro Felguera Calderería Pesada, S.A. Unipersonal and Duro Felguera Energy Storage, S.A. Unipersonal. This Fund was approved by the Government with the aim of providing temporary public support to strengthen the solvency of non-financial companies affected by the COVID-19 pandemic that are considered strategic for the national or regional productive fabric. The companies benefiting from this temporary public support will have a maximum period of seven years to repay in full the participating loans they receive and six years for ordinary loans. The interest rates set for the participating loans are those contemplated in the annex to the agreement of the Council of Ministers of 21 July and in the Temporary Framework of the European Commission. Importance of Duro Felguera The worldwide prestige of Duro Felguera, with the development of large projects in very diverse geographical locations, accrediting quality of execution, good know-how and a high degree of contractual compliance, projects the image of Asturias, and in particular its industrial sector, at international level, providing references for the regional industrial fabric. Its importance in the economy of the Principality of Asturias is key, where in 2019 it represented 1.18% of the Gross Value Added of the region, 1.02% of total employment and 3.8% of R&D&I expenditure in Asturias. In the 2011-2016 period, it reached contracting levels of an average of 850 M€ and generated some 5,200 direct, indirect and induced jobs. In addition to all of the above, Duro Felguera’s contribution to the objectives of the energy transition must be added. On the one hand, the company incorporates the most advanced environmental preservation and energy efficiency measures into its projects; and on the other, Duro Felguera has set up the renewables business unit, DF Green Tech, with the aim of centralising strategic development in Renewable Energies. Therefore, DF Green Tech focuses on solar, wind and offshore technologies, and emphasises new technologies, especially everything related to green hydrogen and storage technologies. DF Green Tech addresses the complete value chain of renewables, development, construction and operation, with a special focus on EPC generation. Likewise, Duro Felguera is committed to digitalisation, a procedure to group EPICOM, DF Digital Security (design and implementation of communications and security engineering solutions to protect critical infrastructures), Felguera IT (with a focus on cybersecurity and digitalisation) and Logistics Systems in a single Business Unit called Digital Intelligent Systems, designed to offer a comprehensive range of products and services in the segments in which it operates. It also aims to promote new growth areas such as automation solutions, digitalisation, cybersecurity, energy efficiency and smart energy storage. Destination of the aid The funds have been used to prioritise the continuity of the company’s activity by boosting the growth plan in terms of hiring and project execution, aligning it with the energy transition and digital transformation. The following table shows the relative weight of each item in the total.
Concept
In %
Costs deriving from operations
71 %
Non-operational payments*
29 %
*This includes, among others, reimbursements, tax, social security, green and digital transition, financial, etc.
On Friday 6th September, Duro Felguera held an Extraordinary General Meeting in which the appointment of the members of the Board of Directors for the next four years was formalised. During the meeting, the company’s Chairman, Jaime Isita Portilla, underlined the strategic importance of these appointments: ‘We have completed the creation of a dynamic and agile Board, prepared to respond to the current and future demands of the market with flexibility and vision’.
The election, yesterday, of a new Board of Directors of Duro Felguera represents the beginning of a new stage, once the company has been consolidated, energized and strengthened.
The Board, together with the Chief Executive Officer, Jaime Argüelles, is already working on the promising future of the company to take advantage of the great business and growth opportunities that are presented in the sectors in which the company operates, mainly those related to industrial decarbonization and energy transition.
On May 13, 2024, Mr. Jaime Isita Portilla, who has also been appointed Chairman, Mr. Eduardo Espinosa Bustamante, appointed Vice-Chairman, and Ms. Mónica Rodrigues Sequeira, all three with the condition of proprietary directors, and Mr. Gerardo Tietzsch Rodríguez Peña, as independent director, accepted the position and joined the Board by cooptation. Likewise, Mr. Manuel Angel Romero Rey has been appointed as non-director Vice-Secretary of the Board of Directors.
On 26 February, two relevant information for Duro Felguera were communicated through the CNMV. The first, the notification of the takeover and the syndication agreement signed by Prodi and Mota-Engil Mexico to jointly define the management of the company, of which they own 54.66% of the capital.
In the second, the company has reported on the registration in the Commercial Registry of Asturias of the two public deeds of execution of the Capital Increase with Rights and the Increase by Capitalisation of Debt granted on 22 February 2024, in accordance with article 508.2 of the Capital Companies Act.
Gestionar consentimiento
Para ofrecer las mejores experiencias, utilizamos tecnologías como las cookies para almacenar y/o acceder a la información del dispositivo. El consentimiento de estas tecnologías nos permitirá procesar datos como el comportamiento de navegación o las identificaciones únicas en este sitio. No consentir o retirar el consentimiento, puede afectar negativamente a ciertas características y funciones.
Funcional
Always active
El almacenamiento o acceso técnico es estrictamente necesario para el propósito legítimo de permitir el uso de un servicio específico explícitamente solicitado por el abonado o usuario, o con el único propósito de llevar a cabo la transmisión de una comunicación a través de una red de comunicaciones electrónicas.
Preferencias
El almacenamiento o acceso técnico es necesario para la finalidad legítima de almacenar preferencias no solicitadas por el abonado o usuario.
Estadísticas
El almacenamiento o acceso técnico que es utilizado exclusivamente con fines estadísticos.El almacenamiento o acceso técnico que se utiliza exclusivamente con fines estadísticos anónimos. Sin un requerimiento, el cumplimiento voluntario por parte de tu proveedor de servicios de Internet, o los registros adicionales de un tercero, la información almacenada o recuperada sólo para este propósito no se puede utilizar para identificarte.
Marketing
El almacenamiento o acceso técnico es necesario para crear perfiles de usuario para enviar publicidad, o para rastrear al usuario en una web o en varias web con fines de marketing similares.
