Keep up to date with Insol Europe news on our LinkedIn profile page...

 

UK video game retailer GAME enters administration in April 2026

UK video game retailer GAME entered administration in April 2026, owing almost £16m. The debt comprised £3.35m owed to secured creditors and £12m to unsecured creditors. Administrators linked the company’s…

German wind and solar project developer Sowitec files for insolvency

German wind and solar project developer Sowitec has filed for insolvency after expected customer payments from South America failed to arrive on schedule. The proceedings affect the group’s holding…

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…

Himolla looks to restructure through protective insolvency process

German furniture manufacturer Himolla Polstermöbel GmbH has entered ‘protective shield proceedings’, a court-supervised restructuring process designed to allow the company to reorganise while continuing…

News

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
  BENCHMARKS  
Loading Time: Base Classes  0.0029
Controller Execution Time ( News / News Details )  0.0094
Total Execution Time  0.0125
  GET DATA  
No GET data exists
  MEMORY USAGE  
798,584 bytes
  POST DATA  
No POST data exists
  URI STRING  
news/details/duro-felguera-announces-court-approval-of-its-restructuring-plan
  CLASS/METHOD  
news/news_details
  DATABASE:  insoleur_main   QUERIES: 45  (Show)
  HTTP HEADERS  (Show)
  SESSION DATA  (Show)
  CONFIG VARIABLES  (Show)