Eversheds Sutherland has advised on the preparation of the restructuring plan proposed by Euroinfra, investment platform in Spain of its client China Railway Construction Co, as majority shareholder of Aldesa, which has been approved by the Mercantile Court No. 12 of Madrid.
It is an innovative restructuring plan, which was proposed to Aldesa’s board of directors by the majority shareholder with the purpose of strengthening the company’s own resources, without affecting employees, financial creditors, customers or suppliers, including only the shareholder’s contributions.
This transaction strengthens the resources of Aldesa, one of the largest construction companies in Spain and Mexico, which operates in 14 countries and directly employs 2,300 workers.
The team of Eversheds Sutherland Spain has been led by partners Juan E. Diaz and Manuel Lopez, together with Diego Cruz-Villalon (counsel) and Manuel Garcia-Pozuelo (legal director), with support from Eversheds Sutherland’s Beijing and Hong Kong offices (Jay Ze, partner) and London office (Alex Rogan, counsel).