SolarProfit gets green light for its restructuring plan for the second time
The Catalan company dedicated to the installation of photovoltaic panels achieves the homologation of its main subsidiary's plan following the judicial setback in January, when it was challenged by the creditor banks.
A Spanish company, SolarProfit, which installs photovoltaic panels, has successfully restructured its main subsidiary, Solar Profit Energy Services, after a court initially rejected the plan in January. The company had previously attempted a joint restructuring plan for its five main subsidiaries, but it was rejected by creditors, including eight financial institutions.
Solar Profit Energy Services' plan, which affects €115.5 million of liabilities, has been approved with an 96% provisional debt reduction for ordinary creditors.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
