Brief: Grupa Azoty Unit GA Polyolefins Starts Restructuring And Files For Bankruptcy

Grupa Azoty Zaklady Chemiczne Police SA

01/12/2025 06:25

Dec 1 (Reuters) - Grupa Azoty SA ATTP.WA:

SAID ON SATURDAY THAT ITS UNIT GRUPA AZOTY (GA) POLYOLEFINS HAS LAUNCHED RESTRUCTURING PROCEEDINGS

RESTRUCTURING DUE TO LOSS OF ABILITY TO PAY FINANCIAL OBLIGATIONS

PRODUCTION HALTED AT POLIMERY POLICE PROJECT DUE TO INSTALLATION FAILURES, REQUIRING ADDITIONAL FUNDING

RESTRUCTURING IS A REQUIREMENT FROM ORLEN'S NON-BINDING OFFER FOR ALL SHARES OF GA POLYOLEFINS

GA POLYOLEFINS FILES FOR BANKRUPTCY, REQUESTING SUSPENSION OF PROCEEDINGS PENDING RESTRUCTURING APPROVAL

GA POLYOLEFINS AIMS TO REACH SETTLEMENT WITH CREDITORS TO ENSURE CONTINUATION OF OPERATIONS AND FINANCIAL STABILITY

 Source text: nEM8HcSMma
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 (Gdansk Newsroom)

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