The telecommunications company loses nearly 15 million in capitalization in just one day after it asked SEPI for help
The telecommunications company Ezentis (formerly Radiotrónica) has demanded a ransom of 70 million public euros to solve its viability problems. The company has enlisted the help of SEPI (State Society for Industrial Participations), as confirmed this morning to the CNMV, which indicated that the listing had been suspended for an hour.
When the company is listed again, its shares have plunged about 16% from 21% by midday, placing the titles at 0.11 euros, their lowest historical value. Since the beginning of the year, there is still about 40% left. These numbers mean that Ezentis has lost $14.8 million in share price in just one day, as its market cap stood at $67.2 million on Wednesday to the $52.4 million it is now worth due to the title collapse.
Ezentis, whose main shareholder is José Elías, has to face the payment of the debt of 149 million it has accumulated and the maturities this month (130 million) after more than tripling its losses in 2021 and the failure of a sale operation most of its operations are in Latin America, which has led it to close its subsidiaries in Chile, Mexico and Peru.
The company ended 2021 with negative equity of 163.2 million euros, according to its annual report, and previously requested a deferral of interest payments on two tranches of an ICO loan it had applied for during the pandemic totaling 5.6 million euros. amounted to.
Likewise, in recent months, it has renewed its management team and released its CEO Fernando González at the beginning of the year. His replacement, Carlos Mariña, also left office in April.
Source: La Verdad
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