Brief: CLEOP Says Commercial Court Of Valencia Approves Modification Of Co's Agreement

Compania Levantina de Edificacion y Obras Publicas SA

17/11/2022 13:17

Nov 17 (Reuters) - Levantina de Edificacion y Obras
Publicas SA Cia  CLEO.MC :
    * COMMERCIAL COURT NO. 3 OF VALENCIA ISSUED JUDGMENTS NO.
280/22
AND 281/22 BY VIRTUE OF WHICH IT PROCLAIMS APPROVAL OF
MODIFICATION OF THIS COMPANY'S AGREEMENT IN ACCORDANCE WITH
PROPOSAL MADE BY COMPANY ITSELF ON 15/11/21 AND REJECTS
INCIDENTS OF OPPOSITION TO SAID MODIFICATION
    * PROPOSED AMENDMENT WAS APPROVED BY 65.49% OF ORDINARY
CREDITORS
    * MODIFICATION OF AGREEMENT (DERIVED FROM COVID INCIDENT)
ALLOWS
CONSOLIDATION OF WORK CARRIED OUT BY COMPANY IN RECENT YEARS AND
LAYS FOUNDATIONS FOR ORDERLY DEVELOPMENT OF ITS FUTURE PROJECTS

Source text for Eikon:  urn:newsml:reuters.com:*:nCNM6plHGR
Further company coverage:  CLEO.MC 
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