The Government requests authorization from Parliament for the granting of new loans and guarantees to Dynamobel and Sendaviva

The Government of Navarra has approved in its session this Wednesday two regional laws to authorize the granting of two new loans or guarantees to the merchants Dynamobel (with headquarters in Peralta and Berrioplano) and Parque de la Naturaleza de Navarra SA, which manages Sendaviva, in Arguedas.

The operations will be granted through the public company Sodena, for an amount of up to 3 million euros in the case of the movable industry; and 2.5 million for the tourist park located at the foot of the Bardenas Reales.

Likewise, these legislative initiatives are subject to regularization of the loans and guarantees that these two companies have received from Sodena in the last four years (2014 to 2017) and that, “by mistake, were processed without knowledge of the Parliament of Navarre, in against the provisions of 2014 in the updating of the statutory regulations on Public Finance of Navarra, “the Executive has indicated.

DYNAMOBEL, 340 JOBS AND A NEW BUSINESS PLAN IN PROGRESS

Bussiness Plan

 

The office furniture company Dynamobel has had public support since 2011, firstly through Nafinco and currently with Sodena. The company has maintained an average workforce of 310 permanent and 30 additional temporary jobs in its Peralta and Berrioplano plants in the last three years.

Financially, the merchant has experienced three previous processes of restructuring its liabilities, in the years of 2011, 2013 and 2015, in which there has been an injection of public capital for a total value of 11.2 million euros and property contributions that add another 30 million.

Since March 2017, the joint work of the shareholders of Dynamobel and the Government of Navarra, through Sodena, has allowed the public company to enter the shareholding of the company (with 32.44% of the capital) and has capitalized a significant volume of social debt, in order to facilitate the entry of new private investors in the firm, the Executive said.

A business plan has been prepared that aims to consolidate the firm’s revenue volume (with a forecast of 36 million for the current year) and a continued rise in the next four years, until reaching a figure close to 50 million euros. euros of income for 2021. The financing of the business plan for this year 2018 requires the injection of a capital of six million euros, which will be contributed equally for the ownership of the company and the Government of Navarra, in this case a through the loan for which today it has been agreed to request authorization from the Parliament of Navarra- Denverharleyrentals.