Brief: ECG To File For Pre-Insolvency Proceedings

Euroconsult Engineering Consulting SA

07/03/2018 07:38

March 7 (Reuters) - Euroconsult Engineering Consulting
Group SA  ECG.MC :
    * SAID ON TUESDAY THE BOARD AGREED TO FILE FOR
PRE-INSOLVENCY
PROCEEDINGS UNDER 5BIS OF THE BANKRUPTCY LAW
    * THE DECISION MADE TO PROTECT CORPORATE INTERESTS AGAINST
DEMANDS
MADE BY FORMER EMPLOYEES
    * THE LITIGIOUS DEBT ASCENDS TO 1.8 MILLION EUROS TO BE
DEALT WITH
DURING 2018
    * THE CO'S FINANCIAL DEBT AMOUNTS TO 15 MILLION EUROS
SUBJECT TO
FRAMEWORK AGREEMENT WITH BANKS AND WITH MATURITY AT THE END OF
2021, OTHER FINANCIAL DEBT OF 5.1 MILLION EUROS AND GUARANTEES
GRANTED BY 4 MILLION EUROS
    * THE CO'S PROJECT PORTFOLIO ASCENDS TO 50 MILLION EUROS
    * ECG TO OPEN NEGOTIATIONS UNDER THE PROCEEDINGS

    
 Source text: http://bit.ly/2FvJEMl
    
 Further company coverage:  ECG.MC  
   


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