Holaluz will list again tomorrow once the disqualification is ruled out

BarcelonaThe Spanish stock operator BME allows Holaluz to relist on the stock market starting tomorrow, Tuesday. The Catalan company will rejoin the BME Growth market – the stock market for SMEs – once the Ministry for Ecological Transition's procedure, which could have led to its disqualification as an energy marketer, has been archived.

In mid-July, the Spanish government opened an investigation against the company chaired by Carlota Pi for alleged non-payments to three energy suppliers. Consequently, BME decided to close the door to the stock markets because it considered that the company's circumstances could "disrupt the normal development" of trading.

BME's green light comes after Holaluz formally communicated to it this Monday the archiving of the investigation, which was advanced by ARA on Friday and published in the BOE on Saturday. The company led by Carlota Pi is listed on BME Growth – focused on small and medium-sized companies. On July 17, the last day it operated, it closed with a share price of 0.826 euros.

Paid with own funds

The company led by Carlota Pi has made the payment of pending invoices "thanks to the company's own business operations, without the need for external financing, capital increases or contributions from partners", it detailed this Monday. At all times it defended that the file responded to a "one-off" episode, and not to structural difficulties.

The invoices that led to the opening of the governmental file amounted to 4.4 million euros. According to Holaluz, there was a "discrepancy" between the parties regarding the "enforceability" of the invoices.