MADRID (Reuters) – The construction and engineering group Isolux Corsan said on Friday it increased its losses in 2015 to 52 million euros, 24 percent higher 42 million it lost a year earlier, the cancellation of projects in Brazil.
The Ebitda of the group, which is immersed in a process of financial restructuring, fell during the period by 30 percent to 176 million euros.
In a press release which did not provide comparative figures, Isolux said closed last year with a corporate debt of 1,583 million euros.
earlier this month, banking sources told Reuters that three of the main creditors of the company they agreed to inject emergency liquidity in Isolux before starting a debt restructuring that would prevent a possible scenario of bankruptcy.
emergency loans, seeking to avoid the financial collapse of the group, would be only the prelude to . refinancing a liability that one of the sources estimated at around 4,500 million euros
Rating agencies such as Fitch and S & P have long been warning about the financial situation of one of the largest groups not quoted in Spain
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