Sofinter Group is pleased to inform its suppliers/sub-contractors, partners, customers and all the stakeholders that a new Restructuring Agreement has been successfully executed with the Group’s principal lenders as part of the financial and operational rebalancing process undertaken by the Group. 

The Agreement involves the Group’s main operating companies and establishes a stable and sustainable framework aimed at supporting their future development.

With specific reference to AC Boilers SpA, the execution of the Agreement follows the favourable opinion previously issued by the Expert appointed in the framework of the Negotiated Settlement Procedure (Composizione Negoziata della Crisi) and formally closes such procedure, confirming the soundness of the restructuring solutions adopted and the successful completion of the turnaround process undertaken by the company.

In connection with this transaction, the shareholders have approved a significant capital strengthening in favour of AC Boilers SpA, reaffirming their confidence in the industrial project and the aim to operate within a more stable financial environment, focusing on the development of the Business Plan enhancing Company’s competitiveness, operational efficiency and industrial capabilities.

Sofinter Group wishes to express its sincere appreciation to the shareholders, suppliers/subcontractors, partners, customers, financial institutions and employees for their support during this process. The trust and the commitment demonstrated by all the stakeholders has been essential in achieving this significant milestone.

The successful completion of the Negotiated Settlement Procedure of AC Boilers SpA and the signature of the new Restructuring Agreement marks the beginning of a new phase in the Group’s development: a new era focused on the reliability, growth and value creation for all the stakeholders.