Celsa Suspends the Search for a Spanish Partner Following Criteria's Rejection: 'There Is No Alternative'

El Punt Avui

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The president of the multinational points out that in the balance sheet "it was not listed as uncollectible"

laprovincia.es

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The steel company Celsa has suspended indefinitely the search for a Spanish industrial partner, following Criteria's certified refusal in early June to acquire 20% of its shareholding. This was one of the conditions that the judge had imposed in 2023, once he decided to remove the ownership of the business group from the Rubiralta family to give it to its creditors.

economiadigital.es

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Celsa will not continue to seek a Spanish industrial partner, one of the conditions that the government had imposed on him to allow the entry of several creditor funds into his equity capital. The decision comes after Criteria Caixa has ruled out becoming a reference shareholder and has chosen to cancel the taking of 20% of the shares of the steel company. The holding investor of the «La Caixa» Foundation chaired by Isidro Fainé justified the de…