A few weeks ago, the government approved a €10 Bn fund to save companies with solvency problems which were particularly affected by Covid-19. The Asturias-based company recorded losses of 9 M in the first quarter to March, after making a €10 M provision due to the uncertainty generated by the coronavirus health crisis.
The shares of Spanish Duro Felguera, specialized in industrial services and capital goods fell 20% on Thursday after rising 8% the day before following the international arbitration victory against Samsung. The total amount involved in that litigation case reached 310 M AUD, some €200 M, but the firm will only receive between 35 and 55 M.
Spanish Duro Felguera, specialized in turnkey projects within the energy, mining & handling, oil & gas, smart control systems and defense and security sectors, signed a Memorandum of Understanding with Metco Engineering for energy efficiency and resilience projects in the US. The deal is valued over $200 M per year.