Brief: Avenir Telecom Announces Favourable Decision Regarding Renegotiation Of Part Of Its Liabilities

Avenir Telecom SA

22/10/2020 08:30

Oct 22 (Reuters) - AVENIR TELECOM SA  AVOM.PA :
    * FAVOURABLE DECISION REGARDING THE ONGOING RENEGOTIATION OF
PART
OF THE LIABILITIES
    * MARSEILLE COMMERCIAL COURT DECIDED TO VALIDATE A DEBT
WAIVER OF
4.421 MILLION EUROS IN EXCHANGE FOR AN IMMEDIATE PAYMENT OF
1.119 MILLION EUROS
    * OPERATION WILL ENABLE AVENIR TELECOM TO ACCELERATE THE
RESTRUCTURING OF BALANCE SHEET BY SIGNIFICANT REDUCTION IN
LIABILITIES AND AN INCREASE IN SHAREHOLDERS' EQUITY

Source text for Eikon:  ID:nACT65705 
Further company coverage:  AVOM.PA 

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