Ongoing debt exceeds 1.2 billion euros – Express

The number is impressive: € 1,284,800,209.18. Arredondemos to facilitate reading: 1,284 billion. More than 800 thousand Euros and some change. This is the provisional amount of the debts claimed by creditors of Ongoing Strategy Investments, the holding of Ongoing that added investment of Nuno Vasconcellos group in sectors such as telecommunications, media and technology, financial services and real estate and moved in early March with a Special Request Revitalization (PER).

The list of creditors collected by the trustee Fernando Silva e Sousa, appointed under that PER, brings together 62 companies and individuals on an individual basis. And contemplate from debts of 72 euros to a florist and 126 euros a stationery until broad debt thousands of euros to the Tax Authority, computer companies, law firms, consultants, travel agencies or telecom operators.

But in banking that it focuses the bulk of the amounts claimed by creditors under this PER: made accounts, over € 972 million of debt to financial institutions with whom Ongoing established contractual relations in recent years.

according to the list published Thursday in Citius portal, the main creditor of Ongoing is the new bank, which inherited the old BES credits of around € 493.5 million, resulting from financing investments commercial paper of Ongoing, lines of credit or foreign exchange transactions. In all, the number of credits claimed by New Bank account for over 43% of total debts of Ongoing.

The following is the list BCP, which claims a debt of € 282.2 million raised by secured financing by the bank and have not been paid. The third financial entity with greater claim on the Ongoing Strategy Investments is Haitong Bank, former BESI, which claims a debt of € 182.3 million, resulting from investments in commercial paper of Ongoing.

In the list the company’s creditor banks still on the Montepio, which claims a debt of more than € 15 million, also originating almost entirely of investments in commercial paper of the group led by Nuno Vasconcellos.

in list drawn up by the trustee still contained several companies Ongoing universe with claims on the ‘home mother’. Among these, the one with the most credit is the Insight Strategic Investments SGPS, around € 98.9 million. A debt that was, in fact, among the reasons that led to Insight Strategic for improvement in early March with a request for PER.

Another company Ongoing universe forward this month with a request for PER is ST editor & Amp; S.F., through which the group explored the “Economic Daily”. Days after being admitted to this request in court, the administration of S. T. & Amp; SF requested, however, the replacement of PER by an application of insolvency, understanding that this was “the legal framework that best protects the interests of workers”, who has had several months of wages in arrears.

the bankruptcy petition was communicated to employees of the “Economic Daily” on 18 March, the day that the title did hit newsstands your last paper edition. Since then, the brand remains active only with the online edition and the ETV channel.