The news, leaked by the Vocento group, has been confirmed by union sources, who nonetheless urge caution as the agreement is still pending. It would not be the first time Guardian has withdrawn at the last minute, as occurred in previous attempts.

This operation would entail the reopening of Glavista and the reactivation of Guardian's furnace. Investors anticipate a 70 million euro investment to produce higher value-added glass, such as automotive windshields or double-glazed windows. Furthermore, the new production is expected to have the “lowest carbon footprint in Europe,” exploring options for the furnace to operate with biofuels or hydrogen.

VSF, Vitro Service France, is a leading French company in the production of automotive glass. Gaviota, an Alicante-based company with a residential glass division, reported 260 million euros in revenue last year and was acquired by the investment fund Stoneshield Capital in June.

Biscayan businessman Javier García Márquez, through his company Amine, has joined the operation. This marks his second attempt to acquire Glavista; the first, on February 23, 2022, failed when Guardian refused to sell the factory's land.

The closure of Glavista, resulting in the dismissal of 240 workers, triggered a lengthy legal process. It entered pre-insolvency proceedings in January 2023, after being sold by Guardian to the Parter Capital fund in 2020. The ELA union filed criminal complaints, and the Álava Prosecutor's Office identified signs of disloyal administration and insolvency offenses.

The High Court of Justice of the Basque Country ruled that the dismissals at Autoglas-Glavista were unfair, compelling Guardian to deposit 18.5 million euros in court. Guardian Llodio also closed, laying off 171 workers, as part of a deindustrialization process that began after the indefinite strike of 2012.