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Brief: Grupa Azoty Unit Polyolefins Presents Updated Arrangement Proposals

March 23 (Reuters) - Grupa Azoty SA ATTP.WA:

UNIT POLYOLEFINS PRESENTS UPDATED ARRANGEMENT PROPOSALS TO CREDITORS

UPDATED PROPOSALS RELATE MAINLY TO THE SETTLEMENT OF CLAIMS HELD BY ORLEN

NO CONVERSION OF ORLEN CLAIMS INTO SHARES OF GRUPA AZOTY POLYOLEFINS

UPDATED PROPOSAL PROVIDES PARTIAL CANCELLATION OF ORLEN CLAIMS AND CASH REPAYMENT

CLAIMS OF GRUPA AZOTY COMPANIES AGAINST UNIT TO BE SATISFIED IN THE AMOUNT OF ABOUT 48.4 MILLION ZLOTYS, OUT OF TOTAL CLAIMS OF ABOUT 1.98 BILLION ZLOTYS

Source text: ID:nEM6hztW7a

Further company coverage: ATTP.WA

 (Reporting by Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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