This capital increase of the Company is the final step on the road to recovery of the Company, its long-term sustainable business and financial stability. Taking into account the financial position of the company before the completion of this process, the capital increase was a necessary direction in order to preserve future business.
With this capital increase, Dalekovod will become one of the few companies in Croatia that will successfully complete the pre-bankruptcy settlement by settling all creditors after an exhaustive business transformation without additional debts. The finalized financial restructuring process will complete the pre-bankruptcy settlement nine years before the initial deadline.
The capital increase entirely eliminated capital inadequacy and ensured long-term stability and self-sustaining business of the company, which continues its activities free from the pre-bankruptcy settlement debts and with a clear development vision; by doing so, Dalekovod becomes one of the companies with the strongest capital structure in the sector.
The actors in this capital increase, which was done entirely by payment in cash, were the company Napredna energetska rješenja d.o.o., pension funds, and institutional investors.
It is important to point out that Končar - Elektroindustrija d.d., one of the most important market players in the energy sector, indirectly participated in the process of capital increase through the joint venture Napredna energetska rješenja d.o.o. as one of the strategic investors, and individually as the largest creditor of the company Construction Line, which in the previous period, acting as a creditor, gave strong support to the preservation of the company and the successful implementation of financial restructuring.
Furthermore, it is also important to point out the strong contribution of suppliers and financial creditors of the company (primarily HBOR and Zagrebačka banka) who continuously supported the business and believed in the company's future prospects by supporting the process of financial restructuring and regularly ensuring guarantees.