Brief: Glarner Kantonalbank Waives Repayment Of Loan
03/03/2021 06:11
March 3 (Reuters) - Glarner Kantonalbank GLKBN.S :
* WAIVING THE REPAYMENT OF THE LOAN IN FAVOR OF THE PLANNED
BALANCE SHEET RESTRUCTURING AND NEW CAPITALIZATION OF
SPORTBAHNEN BRAUNWALD AG
* WAIVER OF CLAIMS IN AMOUNT OF AROUND 4.1 MILLION FRANCS IS
TIED
TO CONDITION THAT ALL CREDITORS AND SHAREHOLDERS EQUALLY WAIVE
THEIR CLAIMS OR SHARE PAR VALUE AND THAT SPORTBAHNEN BRAUNWALD
AG WILL BE ABLE TO RECAPITALIZE
* THIS MEASURE HAS NO NEGATIVE IMPACT ON THE CURRENT INCOME
STATEMENT
Source text for Eikon: ID:nEQ8vlFsBa
Further company coverage: GLKBN.S
(Gdansk Newsroom)
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