RILCO and Quality Service join the two companies already liquidated in March of this year: Parque Comercial Las Salinas and Inmobiliaria Zona Franca
Once the entire process is completed, the Consortium will go from having 13 companies to only 6
The Executive Committee of the Cádiz Free Trade Zone approved in its session on the 17th the liquidation of the companies Red Iberoamericana de Logística y Comercio (RILCO) and Quality Service Gestión de Servicios Integrales S.A.U., in compliance with the agreement of the Council of Ministers of March 16, 2012 by which the Restructuring and rationalization Plan of the public business sector and state foundations was approved.
This agreement contemplated the liquidation of RILCO, -already carried out- and of the four companies that make up the Quality Group: Corporación Alimentaria Quality; Quality Fish Industrias Pesqueras S.A.; Quality Food; and the aforementioned Quality Service, in addition to the dissolution of Parque Comercial Las Salinas and Inmobiliaria Zona Franca (IZF), carried out in March of this year, leaving both companies absorbed by Desarrollos Empresariales de la Zona Franca (DEZF).
The approval of the Executive Committee that makes effective the liquidation of two new companies is one more step in the process of simplification and corporate restructuring of the Consortium, which once completed - the liquidation process of Quality Fish is in progress; Corporación Alimentaria y Quality Food - will go from thirteen companies to only six. Specifically, the liquidation of the last two will be carried out as soon as the judicial situation that affects both companies allows it and as indicated by the General Technical Secretariat of the Ministry of Finance and Public Administrations.
Liquidation process, step by step
Following the aforementioned agreement of the Council of Ministers of March 16, 2012 and following its guidelines for the restructuring of the public sector, the Executive Committee of the Consortium, at its meeting on June 28, 2012, unanimously agreed to the dissolution of RILCO, while that the dissolution agreements of Corporación Alimentaria Quality and Quality Fish were adopted at the General Meeting on July 31 and those of Quality Service and Quality Food at the General Meeting on June 28.
In parallel, the Consortium submitted a query to the Ministry of Finance to verify whether the agreement promoting the liquidation of the company implicitly authorized the dissolution agreement, a query that was answered on December 14, 2012 by the Ministry authorizing the dissolution and liquidation of the five companies mentioned.
These conclusions of the Ministry of Finance were reported to the Executive Committee on December 28, 2012 and to the Plenary Session on January 29, 2013, with the projects for the liquidation of the companies being contracted on April 15 of last year, which were finally submitted for approval. approval in the Executive and Plenary Committee of this Institution.