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
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(Reporting by Gdansk Newsroom)
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