Spain’s Nefinsa posts losses of €89mn in 2012

In 2012, the Spanish corporate holding Nefinsa, which owns construction materials company Uralita and airline Air Nostrum, posted losses of €89 million, which were added to the €57 million losses that the company had posted a year before. Subsidiary Uralita, with losses of €43 million in 2012, was responsible for most of the holding's debt but losses of Air Nostrum were also high at €41 million.
October 21, 2013 Read time: 1 min

In 2012, the Spanish corporate holding Nefinsa, which owns construction materials company 4862 Uralita and airline Air Nostrum, posted losses of €89 million, which were added to the €57 million losses that the company had posted a year before. Subsidiary Uralita, with losses of €43 million in 2012, was responsible for most of the holding's debt but losses of Air Nostrum were also high at €41 million.

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Uralita can delay debt repayment

Spanish construction materials company, Uralita, has been given the go-ahead from the boards of all its creditor banks to postpone the payment of its financial debt of almost €275 million to March 2014.
The company managed to reach an agreement with all its financial creditors in March 2012, but it has now been approved by all the boards.
This gives Uralita financial stability which will allow it to strengthen its current business and develop its future business plan.
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