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BRIEF-Ratos says Finnish subsidiary GS-Hydro Holding files for bankruptcy
September 21, 2017 / 6:08 AM / 3 months ago

BRIEF-Ratos says Finnish subsidiary GS-Hydro Holding files for bankruptcy

Sept 21 (Reuters) - Ratos AB

* Ratos AB: GS-hydro Holding oy and its subsidiary GS-Hydro Oy file for bankruptcy

* Says GS-Hydro Group has experienced liquidity and profitability problems for some time

* Says these became acute when one of company’s largest customers could not meet its payment commitments to a group company within GS-Hydro Group

* Says on 31 december 2016, Ratos wrote down consolidated book value in GS-Hydro by SEK 160 mln to SEK 0 Source text for Eikon: Further company coverage:

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