Brief: MBAC Fertilizer announces court approval of Brazilian restructuring plan

Itafos

07/09/2016 12:15

Sept 7 (Reuters) - MBAC Fertilizer Corp  MBC.V   
    * MBAC announces court approval of Brazilian restructuring 
plan 
    * Total amount of R$760 million (ca. $235 million) will be 
restructured 
    * Creditors have option of either receiving a cash upfront 
payment of up to R$15,000 (ca. $ 4,700) or receiving 100% of 
their claims 
 
Source text for Eikon:  ID:nCCNbzL6PV  
Further company coverage:  MBC.V  
 
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