Cause we made a shitload of dept those two years, that needed a cash injection by the shareholders, and a big ass loan from exxor to avoid us going bankrupt ?
Subscription of shares from Exor, I believe around 70M at first year but overall more than 100M. Could be wrong about the exact figure, which led to capital increase and funds were released. Net debt was steadily increased over the last few years and that trend will probably be continued this summer. No one here can't tell exact figure. Only estimates.
Cause we made a shitload of dept those two years, that needed a cash injection by the shareholders, and a big ass loan from exxor to avoid us going bankrupt ?
Subscription of shares from Exor, I believe around 70M at first year but overall more than 100M. Could be wrong about the exact figure, which led to capital increase and funds were released. Net debt was steadily increased over the last few years and that trend will probably be continued this summer. No one here can't tell exact figure. Only estimates.
Look at the bright side. We got continues increasing talent in the primavera, and this continessaproject, will reap huge benefits when its build. It could pay itself back far before half of the loan is payed