Soltec Power Holdings SA (ES:SOL) has released an update.
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Soltec Power Holdings SA is seeking a three-month extension to ongoing negotiations with financial creditors to address the financial challenges of its industrial division, Soltec Energías Renovables. The extension, supported by the banking union, aims to optimize Soltec’s financial structure and facilitate a solid restructuring. This move is expected to help Soltec regain momentum in its market expansion efforts.
For further insights into ES:SOL stock, check out TipRanks’ Stock Analysis page.