Brief: Expert Report On ILLA Negotiated Crisis Settlement Says Negma Breached Contractual Obligation

I.l.l.a. S.p.a

01/07/2024 06:33

July 1 (Reuters) - ILLA SpA  ILLA.MI :
    * SAID ON SATURDAY EXPERT REPORT HIGHLIGHTS INVESTOR NEGMA
BREACHED CONTRACTUAL OBLIGATION
    * EXPERT SAYS ILLA CANNOT HONOUR ITS OBLIGATIONS INCLUDING
APRIL,
MAY SALARIES, IS IN STATE OF INSOLVENCY
    * EXPERT SAYS CURRENT CRISIS SETTLEMENT NEGOTIATIONS CANNOT
PROCEED
    * EXPERT REPORT ASKS DELEGATED JUDGE FOR A REFORM OF
PROTECTIVE
MEASURES
    * EXPERT REPORT SUGGESTS ASSET SALE TO PAY CREDITORS
    * BOARD TO CONVENE ON CLOSURE OF NEGOTIATED SETTLEMENT OF
CRISIS

 Further company coverage:  ILLA.MI  

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