Radar > 227186

Chocolates Elgorriaga must find investor by August

Chocolates Elgorriaga tiene hasta agosto para buscar inversor

Intel ID : 227186
Synopsis

Ministry of Agriculture and Livestock of Castilla y León announced that Spain-based Chocolates Elgorriaga has until August 2015 to find an investor to take over the company, ensuring its feasibility and necessary funds, as published by newspaper Expansión on 15 July 2015.

Currently, there are five companies interested in acquiring Elgorriaga, a manufacturer of chocolate and biscuits. The essential criteria set by the Board are the company's technical, economic and financial solvency; maintaining Avila's plant; assume its debt and a capital injection of more than EUR 0.5m.
(content in spanish)

La Consejería de Agricultura y Ganadería de la Junta de Castilla y León ha anunciado que la empresa española Chocolates Elgorriaga tiene de plazo hasta agosto de 2015 para conseguir un inversor que se haga cargo de la empresa, garantice la viabilidad y aporte los fondos necesarios, según ha publicado el diario Expansión el 15 de julio de 2015.

Actualmente habría cinco empresas interesadas en adquirir al fabricante de galletas y chocolate. Los criterios imprescindibles que fija la Junta son la solvencia técnica, económica y financiera; el mantenimiento de la planta en Ávila; asumir el 100% de la deuda y una inyección de capital superior a EUR 0,5m.

Intel ID 227186
Value ND
Native Currency Euro (EUR)
Financial Data - Chocolates Elgorriaga
(31 Dec 2011)
Revenue: -
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Industry / Food (Primary)
Primary Sector (TTRSC)
15.07.01 Baked Goods
15 Consumer Products & Services / 15.07 Food

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Services and Distribution / Public Services (Primary)
Primary Sector (TTRSC)
50.01.01 Executive & Legislative Offices/Bodies
50 Public Services & NGOs / 50.01 Government & Public Administration

Country
Website
Description

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.