The academic year has begun in Catalonia with a substantial change at the helm of Parlem, one of the key companies of the business independence movement of the last decade. Furthermore, the end of summer marks, for all intents and purposes, the starting point of Marc Armengol's tenure as CEO of Banc Sabadell, with various organizational changes and a focus on digital activity. In the chamber sphere, the Association of Real Estate Agents (COAPI) has chosen its representative to the Barcelona Chamber of Commerce; while the Spanish government has appointed a new Secretary of State for Housing and Urban Agenda.

Parlem's board of directors has agreed to dismiss the company's executive president and founder, Ernest Pérez-Mas. According to a statement sent to BME Growth, the stock exchange for SMEs, the governing body of the Catalan telecom company has decided to dispense with its founder. His replacement as non-executive chairman will be lawyer Sílvia Martínez Losas. In the same communication, the company informs that Pérez-Mas will remain on the board as non-executive vice-chairman.

The Institut Català de Finances (ICF) and Banc Sabadell are injecting 1.8 million euros into Parlem so that the company can meet its most immediate treasury needs. In a statement published on BME Growth - the stock exchange for small and medium-sized companies - the telecom catalana details that the operation is part of the execution of its business plan, based on generating positive cash flow after approving a restructuring of its debt.

Last Friday, the shareholders' meeting of Parlem approved a critical shareholding change for the company. The Catalan telecom company approved a restructuring of its debt that leaves the majority of the capital in the hands of the Inveready fund and the Malaga family that owns Mayoral, through its holding company Global Portfolio Investments. Specifically, with the change approved by the board, Inveready, which held around 8% of the capital, will become the main shareholder with 49%, after converting outstanding debt into shares. Furthermore, Global Portfolio Investments is expected to participate strongly in a capital increase worth 7.95 million euros to maintain its weight in the shareholding.

The shareholders' meeting of the Catalan telecommunications operator Parlem has certified this Friday the change of ownership that gives the majority of the capital to the Inveready fund and Global Portfolio Investments –the holding company of the family that owns Mayoral–. All points on the shareholders' meeting agenda have been approved, with support exceeding 99% for those related to the restructuring of holdings, and a lower percentage for those concerning appointments to the board of directors, according to sources present at the meeting. Thus, even the company's own chairman, Ernest Pérez Mas, would have supported the shareholding changes.

New plot twist in the future of Parlem Telecom. One month after the non-integration with Avatel, a series of debts amounting to 16.6 million euros loom over the Catalan telecom operator. Specifically, as read from the annual results provided by the company to the BME Growth, various credits made by Inveready – investor fund owner of Avatel and shareholder of Parlem – and its main holder, Josep Maria Echarri, have moved to short-term maturity after various financial ratios established in the financing contracts (covenants) were breached during the previous fiscal year. “There is a short-term liquidity risk,” acknowledges the auditor in the annual accounts presented this Thursday.

A plot twist at the Catalan telecommunications company Parlem. The company's CEO, Xavier Capellades, has resigned, and Parlem's president and founder, Ernest Pérez-Mas, will resume executive functions and replace him. This change—which the company says is for personal reasons and by mutual agreement—comes amidst negotiations with Avatel for a possible merger, a preliminary agreement that was made public in December and was currently undergoing due diligence.due diligenceSources close to the negotiations explained to ARA that the talks with Inveready—Avatel's main shareholder, with approximately 50% of the capital—had become "complicated," as the initial agreement stipulated that Hablem would acquire Avatel's infrastructure and clients in exchange for Hablem's shares. This arrangement was not to everyone's liking. Back to the origin

Xavier Capellades obtained the position of CEO of the telecom in June 2024, but had already been part of Parlem's management team since 2023. Furthermore, although Ernest Pérez-Mas had stepped down from top executive roles, he is "very involved" in the negotiations with Avatel, and it is "normal that he wants to lead this process again," as.

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