La filial de Acciona en Polonia pide 120 millones para salvarse

Mostostal Warszawa, a Polish construction firm controlled by Acciona, is requesting 120 million euros to avoid bankruptcy due to accumulated losses and negative equity. The company has called for an urgent extraordinary shareholders' meeting on October 6 to discuss two options for raising the funds: a capital increase without preferential subscription rights and a closed placement among existing shareholders.

The aim is to raise the funds through the issuance of new shares, which will be used to pay off urgent obligations, including overdue debt. Acciona is one of the largest creditors of Mostostal, with an overdue debt of 26 million euros. The company's financial situation has worsened significantly since the beginning of 2026, with a net loss of 104.53 million zlotys (approximately 26.4 million euros) in 2025 and a negative net worth of 53.58 million zlotys.

In the first quarter of 2026, the company continued to report red numbers of 9.48 million zlotys. The board has not yet decided on the final price for the new share placement, although the second-largest shareholder, Zota Jesie, has requested a price of 4.57 zlotys per share. The Polish construction company closed at 3.5 zlotys per share on the Warsaw Stock Exchange yesterday, marking a decline of over 50% so far this year.

Mostostal cannot seek external financing as ten banks have rejected new credit lines. Acciona, its main guarantor, has provided Mostostal with 273 million zlotys in loans and 471 million zlotys in guarantees this year alone, along with another 109 million zlotys loan.