Bankruptcy News
March 27, 2018 / 10:21 AM / a year ago

BRIEF-Prochnik Files Motion To Open Restructuring Proceedings

1 Min Read

March 27 (Reuters) - Prochnik SA:

* SAYS HAS FILED MOTION TO OPEN RESTRUCTURING PROCEEDINGS

* SAYS MAIN ASSUMPTIONS OF RESTRUCTURING INVOLVE DIVESTING NON-CORE ASSETS, FOCUSING ON PROCHNIK BRAND DEVELOPMENT AND SALE OF RAGE AGE BRAND

* SAYS CHANGES WILL INVOLVE ALSO RADICAL REDUCTION OF FIXED COSTS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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