UK court decision has no effect on restructuring plan

Adler SA

23/01/2024 10:33

Jan 23 (Reuters) - Adler Group  ADJ.DE  said on Tuesday
that a decision by the UK Court of Appeal to overturn approval
of its restructuring plan has no effect on its previously
implemented financial restructuring.
    Amendments to terms and conditions of its bonds remain in
full force in accordance with German law, the company said.
    "While Adler Group respects the decision of the Court of
Appeal to set aside the Sanction Order, the decision has no
impact on the Adler Group or the effective amendments to the
bond terms," the group said in a statement. 

 (Writing by Linda Pasquini, Editing by Miranda Murray)
 ((linda.pasquini@thomsonreuters.com; +48 58 7785261;))