In accordance with the announcement made by the company in its latest results presentation, Técnicas Reunidas has repaid today in advance the entire loan that the Sociedad Estatal de Participaciones Industriales (SEPI) granted it in February 2022 through the Fondo de Apoyo a la Solvencia de Empresas Estratégicas (FASEE).
The total amount of this early repayment, after the partial repayments of the loan that the company had already made in strict compliance with the established schedule, amounts to €271 million.
This amount includes €175 million in participatory loans and €82.5 million in ordinary debt, in addition to the interests.
The repayment has been made almost a year earlier than was planned when the aid was formalized.
Within the framework of the aid established by the Spanish Government through the Fondo de Apoyo a la Solvencia de Empresas Estratégicas (FASEE), the company requested €340 million as a result of the total shutdown forced by the COVID-19 crisis and its significant impact on ongoing projects.
This emergency Fund was created as temporary public support to strengthen the solvency of strategic companies affected by the pandemic.
The strategic nature of Técnicas Reunidas as a leading company in engineering projects, a technology exporter, and an integrator of Spanish suppliers in the energy industry value chain was taken into account in the processing of the file.
The amount requested, which was granted in full, was divided into €175 million in the form of a participatory loan and another €165 million as ordinary debt.
On the occasion of this full early repayment of the aid, the company’s chairman, Juan Lladó, and the CEO, Eduardo San Miguel, have stated that “we would like to publicly acknowledge the professionalism, dedication, and commitment with which SEPI and FASEE have managed the loan process, which has been decisive in enabling our company to maintain its activity and preserve its value in an extraordinarily complex context.”
They have also pointed out that “the €340 million loan has been essential not only to ensure the full recovery of our activities after the pandemic, but also to create a very positive national and international environment to develop them. Thanks to this, the company was able not only to preserve the nearly 7,000 jobs that the group had in 2022, but also to create more than 7,000 new jobs, bringing the number of its employees to nearly 14,000 at this moment.”
Finally, it should also be noted that the State support received has enabled Técnicas Reunidas to implement a transformation process and a strategic plan that have taken its share price from €7.45 at the close of February 22, 2022, to €28.5 at the close of November 28, 2025.
About Técnicas Reunidas
Técnicas Reunidas is a global engineering company that has developed more than 2,600 projects in over 70 countries throughout its 65-year history.
It is focused on the design and construction of large industrial plants dedicated mainly to the production of clean fuels, natural gas and chemical products.
The company is also at the forefront of technologies and solutions related to energy transition, the circular economy and the decarbonization of facilities.
With a workforce of near 14,000 employees, most of whom are highly qualified engineers, Técnicas Reunidas’ headquarters in Spain is an important center of engineering excellence.
