July 3 (Reuters) - Duro Felguera SA MDF.MC:
SAID ON WEDNESDAY INTENDS TO AGREE ON RESTRUCTURING PLAN WITH ITS CREDITORS BEFORE JULY 31 IN ORDER TO AVOID INSOLVENCY PROCEEDINGS
COMPANY WILL REQUEST JUDICIAL APPROVAL IF RESTRUCTURING PLAN IS AGREED UPON
RESTRUCTURING PLAN COULD AFFECT CO'S FINANCIAL POSITION
PROGRESS HAS BEEN MADE IN NEGOTIATIONS AND ISSUES RELEVANT TO DEFINITION OF RESTRUCTURING PLAN AND ITS IMPACT ON CO'S ASSETS ARE IN PROCESS OF BEING RESOLVED
Source text: nCNM63fGn5
Further company coverage: MDF.MC
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))