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Tubos Reunidos asks for liquidation of parent company

Original: tubos reunidos

Spanish steel tube maker Tubos Reunidos has filed to open the liquidation phase for its parent company after no viable purchase offers emerged. The move marks a major step in the group's insolvency process and puts jobs and the future of the Basque steelmaker in doubt. Spanish media are covering the filing closely given the company's industrial significance.

Why now: The parent company's move into liquidation threatens jobs and an important industrial group, making it a breaking business story in Spain.

Tubos ReunidosEl ConfidencialSpainBasque Country

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Evidence

• Tubos Reunidos solicita la apertura de la fase de liquidación de su matriz ante la falta de ofertas · Expansión
• Tubos Reunidos inicia la liquidación de su matriz y los accionistas pierden 21,7 millones · El Correo
• Tubos Reunidos solicita la apertura de la fase de liquidación de su matriz ante la falta de ofertas · El Confidencial

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