Brief: Ezentis' Board Agrees To Submit Notice To Open Insolvency Negotiations With Creditors

Grupo Ezentis SA

02/09/2022 06:58

Sept 2 (Reuters) - Ezentis  EZEN.MC :
    * SAID ON THURSDAY THAT DUE TO THE CASH FLOW TENSIONS IT HAS
BEEN
SUFFERING IN RECENT MONTHS, IT IS IN A SITUATION OF IMMINENT
INSOLVENCY WHICH COULD BECOME ACTUAL IN THE COMING WEEKS
    * BOARD HAS AGREED TO SUBMIT A NOTICE TO OPEN NEGOTIATIONS
WITH
CREDITORS 
    * DECISION WAS TAKEN AFTER OBTAINING EXTERNAL ADVICE AND IN
ORDER
TO PROTECT INTERESTS OF COMPANY'S CREDITORS AND SHAREHOLDERS,
ALLOWING ADDITIONAL TIME TO REACH THE NECESSARY AGREEMENTS WITH
COMPANY'S CREDITORS
    * REQUEST WAS FILED ON THURSDAY AT THE COMPETENT COURT IN
SEVILLE
    * COMPANY'S SUBSIDIARY IN GERMANY HAS FILED A DECLARATION OF
INSOLVENCY WITH THE RELEVANT INSOLVENCY AUTHORITY

 Source text for Eikon:  urn:newsml:reuters.com:*:nCNM2bYrFM
 Further company coverage:  EZEN.MC  

 (Gdansk Newsroom)
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