Key Developments: Grupo Empresarial San Jose SA (GSJ.MC)

GSJ.MC on Madrid SE C.A.T.S.

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27 Feb 2015
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Latest Key Developments (Source: Significant Developments)

Grupo Empresarial San Jose formalizes agreements with creditors to refinance its debt
Tuesday, 30 Dec 2014 01:43pm EST 

Grupo Empresarial San Jose SA:Says that it formalized the agreements with the majority of its creditors to refinance the company's debt.The first syndicated loan contract assumed by Constructora San Jose SA includes a tranche of 250 million euros, with a maturity of five years, renewable for another year, as well as working capital lines.The second syndicated loan contract assumed by Grupo San Jose includes 100 million euros, with a maturity of five years and single payment (bullet).The part of the loan contract that will not be met at maturity will be converted into shares of Grupo San Jose with the limit of 35 percent of the company's share capital.The conversion into shares of Grupo San Jose will be implemented through the issue of convertible warrants.The third syndicated loan contract assumed by San Jose Desarrollos Inmobiliarios SA (SJDI) includes 270 million euros, with a maturity of five years.The remaining debt of 743 million euros to be cancelled via the capitalisation of the debt in SJDI.Grupo San Jose to transfer all the shares it holds in SJDI to the creditors of SJDI.After the operations, SJDI's creditors will hold 100 percent stake in SJDI.The refinancing agreements are subject to various conditions whose compliance deadline is extended until May 2015.  Full Article

Grupo Empresarial San Jose wins $70 mln highway contract in India
Thursday, 27 Mar 2014 06:25pm EDT 

Grupo Empresarial San Jose SA:National Highways Authority of India has awarded company design and rehabilitation of stretch Raebarely-NH-232 in Uttar Pradesh.Contract worth $70 million.Execution period 30 months.Stretch has length of 133 km and shall have two lanes and pave shoulders all along its route.  Full Article

Grupo Empresarial San Jose SA in consortium to build Al Ain Hospital in Abu Dhabi for $900 mln
Wednesday, 4 Dec 2013 12:26pm EST 

Grupo Empresarial San Jose SA:Says the Abu Dhabi General Services, Musanada has awarded to consortium Sanjose Constructora and Arabtec the project for construction of the new Al Ain Hospital.Says the construction contract ascends to $900 million.Says the construction works will be carried out within the next four years.Says the new center, with an area of 315,000 square meters, will have a total of 719 beds, 484 of which will correspond to general medicine, surgery, maternity and children's room, 67 to UCIs, 142 to medical rehabilitation and 26 to VIP patients and Royal Suites.Says the center will include 104 outpatient clinics, 17 radiology rooms for X-ray, 22 rooms for endoscopy procedures and diagnosis, specialized orthopedic units of sports medicine, a regional center for rehabilitation medicine.Says the project will also include other type of facilities, such as logistics center, a power plant of 60 MW, mosque, an underground parking lot accommodating up to 1,500 cars.  Full Article

Grupo Empresarial San Jose SA Wins Concession For Construction And Operation Of Highway In Chile
Tuesday, 16 Apr 2013 10:53am EDT 

Grupo Empresarial San Jose SA announced that the Ministry of Public Works of Chile (MOP) has awarded the Company the construction, repair, conservation and operation of the Concesion Vial Rutas del Loa in Chile, with a total investment amounting to EUR 250 million. The concession, for a maximum period of 35 years, is located in the Antofagasta Region. With a total length of 136.5 kilometers, the concession consists of Route 25 and the new ring road of Calama, allowing traffic connection from this mining area of the country to Route 5, which crosses the Andean country from north to south. Route 25 will become a double lane road and will be continued on the new Eastern link of this important mining city, which involves a 25.5-kilometer long additional single carriageway road. The project includes service roads, a link road to Sierra Gorda, several intersections, flyovers, a toll station, an emergency service area, pedestrian ways, as well as drainage, signaling and road safety works.  Full Article

Grupo Empresarial San Jose SA Wins Contract In Timor Oriental
Wednesday, 20 Mar 2013 06:56am EDT 

Grupo Empresarial San Jose SA announced that it has been awarded a contract for the restoration and maintenance of 28.7 kilometers of Dili-Tibar-Liquica highway in Timor Oriental, Indonesia for an amount of USD 20.51 million.  Full Article

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