As many of you are aware there has been great uncertainty, regarding what was going to happen with Galasa, which has debts of 40 million euros. It was expected to go into bankruptcy tomorrow. However, following lengthy and protracted negotiations it seems a plan has been agreed between PSOE and PP to save the company.
There will be a price rise but much less than was originally suggested.
The company was due to be declared bankrupt tomorrow December 1, but a last minute plan by the PP and PSOE has been agreed to save the bankrupt company.
I understand that a committee has been created to oversee the company and to manage the situation with regard to leaks etc.
Further details will be forthcoming tomorrow.
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