FACTORY ORIGIN
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CELGUSA
project was financed by the Corporación Financiera Nacional –CORFINA-,
starting with a US$ 110.0 millions loan, which was extended to US$ 160.0
in November 1981, to US$ 171.0 millions in February 1982, and
additionally to US$ 188.7 million in March 1985. More over, CORFINA
participated in the social capital of the company with US $ 25.0
millions
The
resources wich CORFINA financed the project were obtained by lendings
that the Exterior Spanish Bank awarded
Due to the lack of payment of the CELGUSA company, CORFINA
promoted legal claim against CELGUSA, taking to itself the CELGUSA on November
17 th 1988. Consecuently,
CORFINA did not
count with enough founds for the payment of the loans given by
the Exterior Spanish Bank. A
payment and cancellation agreement was signed in Spain on March 2001 to
finish the matters.
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