Investment & # 39; Retained & # 39; Solidal plant in Esposende



The management of Solidal's electricity cable installation in Esposende announced on Thursday that it is a platform for understanding & # 39; has achieved with a financial investor who will capitalize the capital and solve recent cash flow problems.

In a statement, Solidal adds that the first part of the capitalization funds has already been received by the company, "so that the production activity can become normal again".

The administration refused to provide further details, including the name of the investor and the amount invested in the company.

From 1970, Solidal currently has 330 employees and in the middle of this year it received wage arrears for the first time.

A situation that is justified by the "unavailability of management support" from the main bank.

Since then, the statement has stated that the company has actively sought "solutions to continue growth management in the long term" and that it has now reached a "platform of agreement with a financial investor".

"The company is focused on working closely with its key partners to avoid any impact that may occur during the completion of the activation process," he adds.



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