Tubos Reunidos has lost 35% of its stock market following the entry into force of the creditor competition option
Sources close to the company have indicated that the company is working with the office of Uria and Menéndez to conduct the creditor competition, but Tubos Reunidos has not confirmed the information.
Tubos Reunidos has recorded35% losses on the stock exchange on Monday, two hours after the opening ofthe session. The possibility of submitting a creditor competition has gained strength in the last few hours, even though the company itself has not confirmed it.
However, sources close to the company have reported that Tubos Reunidos is working with the office of Uria and Menéndez to present the creditor competition.
Last year, the company recordedlosses of EUR 118 millionand debt of EUR 263 million.
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