Urbas seeks creditor backing for rescue plan, warns of liquidation haircuts
Published 1 d ago1 sourceEvidence: Reported
Tubos Reunidos' board, with the Concursal Administration, requested court opening of liquidation phase for the group's parent company after receiving no offers. This marks a shift from restructuring attempts to formal liquidation, signaling likely asset sales and potential creditor losses. The development is significant for the Spanish steel tube sector and regional industrial employment.
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