Julià Internacional is negotiating with its financial entities and the SEPI to restructure its debt. The company has hired KPMG to advise on the process, which includes measures to contain costs, sell assets, and review its international businesses.
The company owes the SEPI 38 million euros, which was granted through the emergency fund in 2022. Of this amount, 20 million euros corresponds to participative loans and 18 million euros to ordinary loans.
Julià Internacional aims to extend the repayment calendar, which currently expires between 2028 and 2029, to 2032. The renegotiation also involves its pool of banking entities, which includes around ten creditors, such as Bankinter, Sabadell, CaixaBank, and Deutsche Bank.
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In parallel, the company is reviewing its international presence, particularly in Argentina and the United States. Argentina could be the subject of some disinvestment to obtain liquidity. Julià Internacional has already resorted to selling and subsequently leasing facilities in Madrid and Barcelona, which allows it to obtain resources without stopping the use of its bus stations.
The company’s financial situation explains the implementation of these measures. The latest individual accounts of the parent company, corresponding to 2025, reflect a negative net equity of 41 million euros and a negative working capital of 37 million euros. The company expects to close the current fiscal year with sales similar to those of the previous year, around 250 million euros.