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Duro Felguera announces court approval of its restructuring plan
Spanish engineering group Duro Felguera has secured court approval for its restructuring plan, marking a significant milestone in its efforts to restore financial stability. The Commercial Court in Gijón dismissed all objections to the plan, allowing its effects to extend to all affected creditors, including those who opposed it, in accordance with Spanish restructuring law. The plan had already received the backing of the company's majority shareholders and creditors, as well as overwhelming shareholder approval at an Extraordinary General Meeting in November 2025. 

The restructuring comes after another difficult financial year, with net losses increasing to €89.3 million and revenue falling by almost 44% in 2025. While the company reduced its negative EBITDA, it continued to face the impact of provisions linked to major international projects in Romania, Morocco and Dubai. 

By restructuring its €980 million balance sheet, the company successfully avoids insolvency, protects local employment, and establishes a stabilized foundation for long-term growth.

More on this story at The Corner
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