Brief: The Parent Company Of Eniro Presents Composition Proposal
18/05/2020 16:25
May 18 (Reuters) - Eniro AB ENRO.ST :
* THE PARENT COMPANY OF ENIRO PRESENTS A COMPOSITION
PROPOSAL
INCLUDING AN OFFER TO EXCHANGE RECEIVABLES FOR NEWLY ISSUED
PREFERENCE SHARES OF SERIES A BY WAY OF SET-OFF
* ENIRO AB SAYS COMPOSITION PROPOSAL ENTAILS A COMPOSITION
(SW.
ACCORD) OF 25 PER CENT. FOR COMPANY'S WHOLLY OR PARTLY UNSECURED
OUTSTANDING RECEIVABLES, I.E. A WRITE-DOWN OF 75 PER CENT.
Source text for Eikon: ID:nWkr27z3c0
Further company coverage: ENRO.ST
(Reporting By Simon Johnson)
((simon.c.johnson@thomsonreuters.com;))