Brief: Nextbike Polska Unit To File For Bankruptcy

Nextbike Polska SA

29/10/2019 06:59

Oct 29 (Reuters) - Nextbike Polska SA  NXB.WA :
    * SAYS ITS WHOLLY-OWNED UNIT NB TRICITY HAS RECEIVED FROM
METROPOLITAN AREA GDANSK-GDYNIA-SOPOT TERMINATION OF DEAL FOR
MANAGEMENT OF METROPOLITAN BICYCLE SYSTEM OMG-G-S   
    * SAYS THE METROPOLITAN AREA HAS REQUESTED THAT THE UNIT PAY
22.2
MLN ZLOTY CONTRACTUAL PENALTY 
    * ALSO SAYS THAT METROPOLITAN AREA HAS VOTED AGAINST
ARRANGEMENT
WITH CREDITORS UNDER PREPACKAGED ARRANGEMENT PROCEEDINGS 
    * IN A DIFFERENT STATEMENT THE COMPANY SAYS THAT AS A RESULT
OF
BECOMING INSOLVENT AND UNABLE TO CONCLUDE ARRANGEMENT WITH ITS
CREDITORS, THE UNIT HAS RESOLVED TO FILE FOR BANKRUPTCY   

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM9WLpzsa urn:newsml:reuters.com:*:nEM776T53a
    
 Further company coverage:  NXB.WA  
   


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