The company reported that following the completion of the sale, all the funds received are planned to be spent on indebtedness in compliance with the legally required obligations.
Grupo Celsa plans to focus on its activities in Spain and the reduction of the current financial pressure, through this important sale, which adds to the recent capital increase and the launch of an ambitious economic plan. The company also stated that it is continuing its steps to implement its plan to reorganize its industrial and financial situation.
Citigroup is reported to be the exclusive financial advisor and Linklaters to be the exclusive legal advisor.
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