Brief: Afarak Group Receives A Claim

Afarak SE

22/09/2020 12:02

Sept 22 (Reuters) - Afarak Group Plc  AFAGR.HE :
    * REG-AFARAK GROUP RECEIVES A CLAIM
    * SAYS THAT ABSA BANK, A SOUTH AFRICAN BANK, HAS BROUGHT A
CLAIM
AGAINST COMPANY IN DISTRICT COURT OF HELSINKI
    * SAYS IN CLAIM ABSA IS CLAIMING 75,000,000 SOUTH AFRICAN
RANDS
(APPROXIMATELY 3,8 MILLION EUROS) ADDED WITH INTEREST AND COSTS
FROM COMPANY
    * CLAIM IS BASED ON A CORPORATE GUARANTEE GIVEN BY COMPANY
ON
BEHALF ON AFARAK MOGALE, WHICH ENTERED BUSINESS RESCUE PROCESS
DURING SUMMER 2020
    * AFARAK GROUP WILL DELIVER ITS RESPONSE TO DISTRICT COURT
OF
HELSINKI IN DUE COURSE

Source text for Eikon:  ID:nGNE60r038 
Further company coverage:  AFAGR.HE 

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