Monthly Archives: September 2024

Assets, Business, Financial, Financial Information, Financial Law, Loans, Money

Se informa que Ricardo Salinas está moviendo activos fuera de EE. UU. en un intento por evitar el pago de la sentencia

VANCOUVER, Canadá, 30-Sep-2024 — /EuropaWire/ — Astor Asset Management 3 Ltd informa que Ricardo Benjamín Salinas Pliego, presidente de Grupo Elektra, S.A.B. de C.V., enfrenta nuevas acusaciones por transferir activos fuera de Estados Unidos para evadir el pago de una sentencia de 20 millones de dólares derivada de una disputa contractual con AT&T.

La sentencia fue emitida el 29 de noviembre de 2023 por un tribunal estadounidense contra Grupo Salinas Telecom, S.A. de C.V. y Grupo Salinas Telecom II, S.A. de C.V., empresas vinculadas a Salinas Pliego. Documentos judiciales revelan que Grupo Salinas Telecom realizó transferencias rápidas de activos fuera de Estados Unidos solo tres días después de la sentencia.

Según los informes, 10,25 millones de dólares en acciones de Grupo Elektra fueron transferidos desde una correduría en EE.UU. a Banco Azteca en México. Además, se enviaron 5,65 millones de dólares a una entidad canadiense, Security International Investments, Inc., que supuestamente está vinculada a Salinas Pliego. También se han documentado otras transferencias y liquidaciones de activos que superan los 10 millones de dólares.

Por “razones estratégicas”, Salinas Pliego decidió no contar con representación legal en este caso, lo que ha sido interpretado como un intento de evitar el pago de la sentencia judicial. Esta acción, junto con el historial de las empresas de Salinas Pliego de alegar dificultades financieras para no pagar a sus acreedores, plantea serias preocupaciones sobre la transparencia y gobernanza en Grupo Elektra.

Salinas Pliego tiene un historial extenso de conductas financieras controvertidas, que incluyen acusaciones de fraude de valores, disputas por impuestos no pagados y deudas con acreedores. Sus recientes movimientos, incluidos los rápidos traslados de activos fuera de la jurisdicción estadounidense, han atraído un mayor escrutinio por parte de reguladores financieros y acreedores.

Astor Asset Management 3 Ltd también está involucrada en litigios con Salinas Pliego en el Reino Unido por el incumplimiento de un préstamo de 110 millones de dólares.

A medida que los mercados exigen cada vez más transparencia y responsabilidad, la gestión de estos asuntos legales y financieros por parte de Salinas Pliego será vigilada de cerca por inversores y reguladores.

SOURCE: EuropaWire

Assets, Bonds, Business, Financial, Financial Information, Financial Statements, Funds, Investment, Stocks, Trading

Digi Romania Completes Full Redemption of 2025 Bonds

BUCHAREST, Romania, 30-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a major European telecommunications company listed on the Bucharest Stock Exchange, has successfully completed the full redemption of its €450 million Senior Secured Notes. The redemption was finalized on 27 September 2024, following an earlier announcement made on 16 September 2024, which outlined the company’s intention and fulfillment of the necessary financial conditions. The notes, carrying a 2.5% interest rate and originally set to mature in 2025, were fully redeemed by Digi Romania S.A., the company’s Romanian subsidiary.

About Digi Communications N.V.

Digi Communications N.V. is a leading European telecommunications provider, with a significant presence in Romania and Spain, and operations in Italy, Portugal, and Belgium. The company is a top player in delivering telecommunication services, offering innovative solutions across its targeted geographic markets.

SOURCE: EuropaWire

Bonds, Business, Financial, Financial Information, Financial Statements, Funds, Investment, Money, Stocks, Trading

Digi Romania Exercises Early Redemption of 2025 Bonds

BUCHAREST, Romania, 16-Sep-2024 — /EuropaWire/ — Digi Communications N.V., a prominent European telecommunications provider, has announced that its Romanian subsidiary, Digi Romania S.A., will redeem the entirety of its outstanding €450 million 2.50% Senior Secured Notes, set to mature in 2025. The full redemption, scheduled for September 27, 2024, will involve paying noteholders the principal amount along with accrued interest up to the redemption date. This move marks an important financial milestone for Digi Communications as it continues to strengthen its financial position.

The company has outlined that noteholders must be recorded by September 26, 2024, to be eligible for the redemption payout. Citibank N.A., London Branch, will act as the Paying Agent to facilitate the process, with interest on the Notes ceasing to accrue after the redemption date unless the issuer defaults on the payment. Digi Communications has already fulfilled the financing conditions required for this redemption, ensuring a smooth process for all stakeholders.

Digi Communications, a major player in the telecom industry, offers services primarily in Romania and Spain, with expanding operations across Italy, Portugal, and Belgium. This latest financial development underscores the company’s robust growth and operational stability in the European telecom sector.

SOURCE: EuropaWire

Assets, Business, Financial, Financial Information, Financial Statements, Investment

Digi Communications Completes Initial Phase of Major FTTH Network Sale in Spain

BUCHAREST, Romania, 6-Sep-2024 — /EuropaWire/ — Digi Communications N.V. (“DIGI”), a prominent European telecommunications provider, today announced the successful completion of the first phase of its Fibre-to-the-Home (FTTH) network sale in Spain. This milestone marks a significant step in the transaction between Digi Spain Telecom S.L.U. and Sota Investments Spain OpCo, S.L.U., a consortium led by Macquarie Capital, abrdn, and Arjun Infrastructure Partners.

The transaction, initiated with an asset purchase agreement signed on April 4, 2024, involves the sale of an extensive FTTH network across 12 Spanish provinces. The initial delivery encompasses 4,412,500 homes passed, with the full network development expected to extend over the next three years, eventually covering an additional 1,587,500 homes.

In addition to the network sale, Digi Spain and Sota Investments Spain OpCo, S.L.U. have finalized a long-term wholesale bitstream services agreement. Under this arrangement, Sota Investments will offer Digi Spain wholesale access bitstream services for an initial term of 25 years. Simultaneously, Digi Spain will provide operation and maintenance services, along with other technical support for the network over the same period.

This strategic move aligns with Digi Communications’ commitment to expanding its telecommunications infrastructure and enhancing service delivery across Europe.

SOURCE: EuropaWire