Revenga, an engineering company that last December requested voluntary creditor protection, is in the final phase of the process to transfer its productive unit to Lantania for 20.4 million euros, according to what it has communicated to BME Growth.
The board of directors has already given the green light to its president, Enrique Cortés, to carry out all the necessary procedures in order to complete the sale operation of the productive unit, as authorized by the Commercial Court number 19 of Madrid on August 3rd.
At the same time, the governing body of the company has decided to request the Court to open the liquidation phase of the company once the purchase and sale of the productive unit is signed and its transfer is materialized, also enabling the president of the board to submit such a request.
At the beginning of the year, the same Court dismissed the offers made by different companies, including one from Lantania, to acquire a productive unit of Revenga, understanding that none of the proposals was "sufficiently favorable to the interest of the bankruptcy."
Against that resolution, Revenga filed a motion for reconsideration considering that the ruling violated bankruptcy law, as the interested parties were not granted the legal period of three days for the simultaneous improvement of the offers when multiple proposals are submitted.
The initial proposal from Lantania contemplated the purchase of the productive unit formed by the divisions of Rail & Terminals and Intelligent Transport Systems, including the assets, goods, rights, elements, and contracts associated with those business areas.
With that offer, it was anticipated to retain 107 of the 166 existing jobs and for Lantania to continue with the activity carried out by Revenga for at least 3 years from the notarization of the operation.
Revenga Smart Solutions —75.17% owned by Grupo Revenga and the rest in floating capital traded on BME Growth— acts as a technological partner of the main infrastructure managers and mobility operators (Siemens, Alstom, CAF, Acciona, Ferrovial, or Sacyr, among others), with solutions for all modes of transport: rail, metro, tram, tunnels, ports, highways, buses, and airports.
In December 2024, the company divested from its headquarters in Tres Cantos (Madrid), selling it to the French socimi Alta Convictions for 4.7 million euros, to remain in the property as a tenant with an annual rent of 350,620 euros.