Duro Felguera shareholders vote on EUR 210 million related-party deal for Mexico’s Tula power project

Reuters2026/08/17 05:18

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Duro Felguera shareholders will vote at an extraordinary general meeting on Sept. 18-19, 2026 on a related-party transaction tied to the Tula combined-cycle power plant project in Mexico.
The proposal covers a EUR 210 million subcontract with Mota-Engil Mexico for specialized project management, technical coordination, and Balance of Plant supply and integration services, while excluding construction execution work.
The project is described as a USD 1.495 billion investment with a 47-month execution timeline, with Mota-Engil remaining prime contractor to the end client.
The board frames the terms as market-based and aligned with the arm’s-length principle, citing a transfer-pricing review by PricewaterhouseCoopers supporting the remuneration methodology.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Duro Felguera SA published the original content used to generate this news brief on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Duro Felguera shareholders vote on EUR 210 million related-party deal for Mexico’s Tula power project

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