September 30, 2016 / 10:06 AM / a year ago

BRIEF-Tecnotree: Restructuring program proposal of administrator

Sept 30 (Reuters) - Tecnotree Oyj :

* Proposal of administrator for restructuring programme

* If draft restructuring programme is approved, group will record a one-off positive income effect of about 6.7 million euros ($7.49 million)

* Says administrator's view is that if implemented, draft restructuring programme would lead to company's operations being rehabilitated

* Total amount of restructuring debts to be taken into account in restructuring proceedings is about 73.9 million euros

* Payments under restructuring programme will end on June 30, 2025 Source text for Eikon: Further company coverage: ($1 = 0.8949 euros) (Gdynia Newsroom)

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