November 24, 2017 / 6:38 AM / 23 days ago

BRIEF-Bumech to file for restructuring proceedings

Nov 24(Reuters) - BUMECH SA:

* SAID ON THURSDAY THAT IT HAS DECIDED TO FILE FOR OPENING RESTRUCTURING PROCEEDINGS, IN THE FORM OF ACCELERATED ARRANGEMENT PROCEEDINGS

* THE FILING IS AIMED AT AVOIDING BANKRUPTCY

* IS CONFIDENT THE RESTRUCTURING WILL BE SUCCESSFUL AS IT HAS ACTIVE CONTRACTS FOR OVER 80 MILLION ZLOTYS IN POLAND AND ABROAD

* AT THE OPERATING LEVEL IT HAS CURRENTLY POSITIVE CASH FLOW ALLOWING FOR SUCCESSIVE REPAYMENT OF OUTSTANDING LIABILITIES AND ONGOING OPERATION

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below