Brief: Groclin plans reorganization process

Less SA

20/03/2017 14:41

March 20 (Reuters) - Groclin SA  GCN.WA : 
    * Plans reorganization process under which the company plans 
to create a holding structure 
    * To exclude production activities from the structures of 
company 
    * To transfer organized part of company related to 
production of upholstery to wholly-owned unit 
    * In the next stages of restructuring process the company 
sees to gain an investor for the mentioned above unit with 
possible sale of the unit, restructuring of debts and investment 
in new areas to extend its offer 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nEM2090546 
Further company coverage:  GCN.WA  
 
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