A Catalan businessman who has defended secession since the last decade has ended up asking for and achieving the rescue of the State.

The Council of Ministers has approved to inject 34 million into the Catalan group Serhs from the Fund for Support to the Solvency of Strategic Companies, which is the same used to rescue the airline Plus Ultra.

According to a statement from the Ministry of Finance, the Government has given the green light with

"a total amount of aid amounting to 34 million euros

.

"

"The support will be channeled through a participative loan for an amount of 17.34 million and an ordinary loan for a total of 16.66 million euros." The Government thus considers the Serhs group founded by the Bagó family, which has been in favor of secession, strategic for Spain.

The current president,

Jordi Bagó

, is a member of the sovereign Femcat foundation and he himself declared in 2013 to

The New York Times

that an independent Catalonia

"would build a more solid economy than that imposed up to now by Madrid

.

"

His father, the late

Ramón Bagó

, declared that same year that "those who say that independence will ruin everything to see if they shut up the bloody time." Years before, he ignited a controversy by assuring that

"everyone in the PP would have to be killed"

, but later he apologized and avoided a complaint from the then party leader in Catalonia,

Alicia Sánchez Camacho

.

Bagó has now resorted precisely to his reviled "power of Madrid" to save his company. According to the Government, in addition to the Bagó family, "Serhs has 1,398 shareholders, of which approximately 40% are employees, family members and small companies."

"It is structured into four business divisions: Distribution, Hotels, Food and Services

. The hotel division, between property and management, has eight hotels, six of them in Catalonia, and two in Brazil, with about 1,000 rooms."

It also justifies the rescue because "Serhs had a turnover of more than 268 million euros in 2019, serving some 40,000 customers. Due to the pandemic, this business volume has dropped by 45.3%, reaching 147 million euros in the year 2020 ". "In addition, it has 2,500 suppliers. At the end of 2019, the workforce in Spain amounted to 2,080 employees, which represents 93% of the global volume, which stood at 2,463 employees." Its template is somewhat inferior to that of Plus Ultra.

The Council of Ministers has given the green light to three rescue operations. In addition to this from the aforementioned Catalan hotel group, it has awarded others to G

rupo Airtificial and Reinosa Forgings & Castings SLU

. The three add up to a total amount of 95 million euros. De Airtificial (34 million injected) assures that it is "a company specialized in applied artificial intelligence, which has a relevant strategic character within the industrial sector, developing robotics and artificial intelligence solutions for the automotive sector, component manufacturing and service provision. of engineering for the aerospace sector and for the sector of the infrastructures of water and of renewable energy, mainly ".

As for Reinosa Forgings (27 million) "it is a strategic company in the industrial sector of manufacturing large forgings and castings.

It has the largest foundry and forging plant in Spain, in turn one of the largest in Europe "

.

On the other hand, the Government has unlocked another 80 million for Duro Felguera by accepting the modification of its viability plan with the renewed commitment to incorporate "an industrial partner."

According to the criteria of The Trust Project

Know more

See links of interest

  • La Palma volcano

  • Last News

  • 2022 business calendar

  • Home THE WORLD TODAY

  • Holidays 2021

  • Podcast Economia

  • How to do

  • Verona - Empoli

  • Real Sociedad B - Girona

  • Torino - Udinese

  • Rayo Vallecano - Mallorca

  • Real Zaragoza - Leganes