Brief: Borregaard Says Alginor Faces A Challenging Financial Situation
28/05/2026 17:50
BRIEF-Borregaard Says Alginor Faces A Challenging Financial Situation May 28 (Reuters) - Borregaard ASA BRGB.OL:
REG-BORREGAARD ASA: ALGINOR FACES A CHALLENGING FINANCIAL SITUATION
BORREGAARD ASA: TO SECURE CONTINUED OPERATIONS, ALGINOR HAS FROZEN INVESTMENT IN DEMONSTRATION PLANT AND DECIDED TO IMPLEMENT TEMPORARY LAYOFFS
BORREGAARD ASA: IN RECENT MONTHS, ALGINOR HAS SEEN CHALLENGES WITH RAW MATERIAL SUPPLY, DELAYED PRODUCT DEVELOPMENT AND COMMERCIALISATION
BORREGAARD ASA: AS OF NOW, ALGINOR IS NOT POSITIONED TO REALISE POTENTIAL OF DEMONSTRATION PLANT INVESTMENT
BORREGAARD- WITH LARGEST SHAREHOLDERS, MADE AVAILABLE A FURTHER NOK 100 MILLION IN LIQUIDITY ON SUBORDINATED TERMS UNDER ALGINOR'S CONVERTIBLE LOAN FRAME
Source text: ID:nGNE4WJQ7k
Further company coverage: BRGB.OL
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