Brief: Bialetti Issues 2018-2023 Business Plan To Reach Debt Restructuring Agreement

Bialetti Industrie SpA

11/02/2019 10:50

Feb 11 (Reuters) - Bialetti Industrie SpA  BIA.MI :
    * SAID ON FRIDAY THAT IT HAD APPROVED 2018-2023 BUSINESS
PLAN
    * BUSINESS PLAN IS AIMED AT SIGNING AND GETTING COURT
APPROVAL OF
DEBT RESTRUCTURING AGREEMENT
    * TO FOCUS ON MARKETING AND SALE OF HIGHER MARGIN PRODUCTS,
INCLUDING COFFEE SEGMENT PRODUCTS 
    * FROM FINANCIAL UPDATE AT END-SEPT IT EMERGERGED THAT VALUE
OF
STAKE IN CEM BIALETTI HAD TO BE "SIGNIFICANTLY"
    * FALL IN CEM BIALETTI VALUE IS DUE TO RECENT AND FURTHER
WORSENING OF ECONOMIC SITUATION IN TURKEY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA6LYchP
    
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