Despite issuing a statement earlier this month insisting it is “financially sound”, Isofoton has confirmed its intention to renegotiate some of its debt with creditors in Spain.
But the company denies it is in danger of bankruptcy – a claim which runs counter to Spanish press reports indicating that it has initiated pre-insolvency proceedings.
Law firms hired by aggrieved Isofoton suppliers, including the logistics and transportation specialist Lamaignere, are understood to be pushing for a full insolvency to open the company's finances to scrutiny.
However,
