Brief: Grupo Ezentis Starts Bankruptcy Proceeding To Reach Restructuring Plan

Grupo Ezentis SA

01/12/2022 06:17

Dec 1 (Reuters) - Grupo Ezentis  EZEN.MC :
    * SAID ON WEDNESDAY IT INITIATED BANKRUPTCY PROCEEDING IN
ORDER TO
COME INTO AGREEMENTS WITH MAIN CREDITORS TO REACH  RESTRUCTURING
PLAN
    * IN VIEW OF CASH FLOW SITUATION OF COMPANY, BOARD OF
DIRECTORS
CONSIDERS IT CONVENIENT TO NEGOTIATE, PREPARE, APPROVE AND
HOMOLOGATE RESTRUCTURING PLAN WITH CREDITORS TO ENSURE
CONTINUITY OF COMPANY, FOR WHICH IT IS ESSENTIAL TO HAVE
NECESSARY TIME TO CARRY OUT SUCH NEGOTIATIONS
    * COMMUNICATION HAS DIFFERENT PURPOSE AND CONDITIONS FROM
THOSE
RELATED TO REFINANCING AGREEMENT, SUCH AS ONE PRESENTED ON
SEPTEMBER 1, WHICH IS SURPASSED BY ONE PRESENTED ON WEDNESDAY
    * REQUEST FILED AT THE COMPETENT COURT IN SEVILLE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nCNMbkB2Zn
 Further company coverage:  EZEN.MC  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))