Shareholders of the steelmaker are asking for the negotiation table promised in 2023 to be resumed and to end the 64-month wait.
Archivo PRIMICIA | Among the demands, they ask that the value of the share be comparable to the last valuation made in 2008
Since 2023, the presidency of the Corporación Venezolana de Guayana (CVG) has not met with Class B shareholders of the Siderúrgica del Orinoco (Sidor). There are 2,188,175 shares among active workers, retirees, pensioners, successors, heirs and survivors.The last time any Class B shareholder received their benefits was in 2008.
Jonis Luna, coordinator and representative member of the Class B shareholders of Sidor, C.A., explained the situation they are in. To begin with, all shareholders of this class own 6.88% of SidorS shares.
They have been in negotiations for 64 months in this second sale of shares.The frist occurred between 2014 and 2015 and did not take more than six months.
“Undoubtedly, there has been a practice of delay. But we maintain hope that we will reach a happy ending.”
the last proposal from the shareholders dates from September 6, 2023, where they set a proposal for the purchase and sale of the shares.
“We presented a financial proposal to CVG on September 6, 2023, with the same terms and conditions that were offered to the transnational in 2008. Regarding the value of the share, it was established at $104.73,based on the last external accounting statement,audited and certified,as established by Article 282 of the Code of Commerce. in addition, for patrimonial damages caused to shareholders B since 2008, when we should also have been liquidated under the same conditions. We believe that is fair,and we continue to maintain that proposal.”
That mentioned audit done in
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