スペインの不動産会社のROYAL URBIS は、45億0000'0000ユーロに上る債務を銀行と再交渉、(破産宣言の前段階)
Reyal Urbis se acoge a la ley concursal con un pasivo de unos 4.500 millones
La sociedad tiene ahora tres meses para renegociar su deuda y evitar la suspensión de pagos
Si entra en concurso, sería el segundo mayor de la historia empresarial española
Miguel Jiménez / Cristina Galindo Madrid 23 OCT 2012 - 10:13 CET
Reyal Urbis has used the bankruptcy law with liabilities of about 4,500 million
The company now has three months to renegotiate its debt and avoid bankruptcy
If in competition, would be the second largest Spanish business history
Miguel Jimenez / Cristina Galindo Madrid 23 OCT 2012 - 10:13 CET
After four years of profound crisis, no money coming into the box by the slump brick and exorbitant debt, Reyal Urbis, one of the largest remaining estate without suspending payments, threw in the towel on Tuesday. The company reported that it has requested the creditors preconcurso, first step towards the contest, to try to renegotiate debt with banks amounting to approximately 4,500 million euros for the whole group. No Reyal Urbis finally enters bankruptcy, it would be the second largest Spanish corporate history, behind only the starring in 2008 by another estate, Martinsa-Fadesa.
The law governing insolvency now allows Reyal Urbis try a deal for three months. If this term step fails, must file the application for bankruptcy during the month following business. The Board of Directors of the estate chaired by Rafael Santamaria decided "unanimously" at a meeting last Monday.
"The company has begun negotiations to reach an agreement to refinance, or, alternatively, to obtain acceptances for a proposal of agreement on the terms provided for in Law Bankruptcy" as the relevant event sent by the Company to the National Securities Market Commission (CNMV).
According to their consolidated accounts as at 30 June 2012, the group had some debts to credit institutions and other financial liabilities amounting to EUR 3.809 million (including derivatives of 14 million and a shareholder loan of 38.5 million), the which added more than 500 million in debts with government tax and other items, plus debts to trade creditors and Similar 145 million.
Santander Bank is the main creditor of Reyal Urbis, with a debt of nearly 450 million. The entity has already accrued this amount in their accounts. It is also great creditor with outstanding receivables of around 400 million, Bankia. In addition, more than 40 financial institutions that hold debt, but of a smaller amount with the group.
The property is actually in a state of technical bankruptcy. Reyal Urbis closed the first half with a loss of 211 million and a negative net worth of 917 million.
Like many companies in the sector of brick, Reyal Urbis took the unprecedented boom decade housing to borrow and buy one of his rivals. Here was Urbis, the real estate company controlled by Banesto and owned by the builder ACS, which Reyal paid around 3,300 million in 2006 in a deal that provided juicy capital gains of 1,200 million, the bank. So Reyal offered 26 euros per share of Urbis. On Tuesday, shares were worth less than 15 cents collapse after reaching over 20% during the session. The bursting of the housing bubble left the company with high debt and increasing problems trying to sell homes, whereby revenues plummeted.
The decision of the company, which is 70% owned by Santamaría preconcurso request comes after that in the summer of last year started a new process of renegotiating its bank debt, third undertaking from the start of the crisis.
The company had refinanced the syndicated loan maturities by 2.975 million, so I had to deal with 463 million in the first half of 2013, 342 million in the second half of 2013, 684 million in 2014, 1,352,000 in 2015 and 132 million in 2016. However, it was in the air the fulfillment of the conditions of the refinancing due to paralysis of the housing market.
So far, the biggest bankruptcy is the starring Martinsa-Fadesa, with liabilities of about 7,200 million euros, followed by Habitat, with more than 2,800 million. There have been other major companies with debts that have avoided bankruptcy by restructuring its debt and capitalize part of it, giving the company to the creditor banks, as in the case of Metrovacesa and Colonial. Financial institutions prefer to avoid bankruptcy, which involves judicial intervention, which three months will be crucial to see if Reyal Urbis manages to dodge this.
The preconcurso request matches the implementation of the marketing of one of the flagship projects of Reyal Urbis, a retail and office complex named Castellana 200, and is located in the northern part of the Paseo de la Castellana in Madrid. In December 2010, as part of the refinancing of the company signed in May of that year, the company gave a 51% stake in the subsidiary which that project to a group of creditors. The estate also pledged in May 2010 to stop the residential development business.
0 件のコメント:
コメントを投稿