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Free Zone liquidates RILCO and Quality Service

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 restructuring process is completed, the Consortium will go from having only 6 companies to the 13 it had in 2012.

Zona Franca advances in its corporate simplification process and in recent days proceeded to liquidate the companies Red Iberoamericana de Logística y Comercio (RILCO) and Quality Service Gestión de Servicios Integrales S.A.U., a fact that occurs once the Committee has given its approval. Executive of the Consortium on July 17 and also complying 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 liquidation, which the Consortium has registered in the Commercial Registry, joins the dissolution carried out in March of this year of Parque Comercial Las Salinas and Inmobiliaria Zona Franca (IZF), leaving both companies absorbed by Desarrollos Empresariales de la Zona Franca (DEZF). Furthermore, and within the framework of the aforementioned State Restructuring Plan, the Consortium also contemplates the liquidation of the three remaining companies that made up the Quality Group: Corporación Alimentaria Quality; Quality Fish Industrias Pesqueras S.A.; and Quality Food.
The effective liquidation of both RILCO and Quality Servicede 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 Corporación Alimentaria and Quality Food 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.