Brief: Nilar Might Wind Down Part Or All Of Business
29/11/2023 08:03
Nov 29 (Reuters) - Nilar International AB NILAR.ST :
* NILAR GIVES AN UPDATE ON THE COMPANY'S FINANCIAL SITUATION
* NILAR INTERNATIONAL AB - HAS A SIGNIFICANT NEED FOR
FINANCING
OVER COMING YEARS TO ACHIEVE GOALS SET OUT IN BUSINESS PLAN
* NILAR INTERNATIONAL AB - ASSESSMENT AFTER COMPLETED REVIEW
IS
THAT PROSPECTS FOR FINDING A LONG-TERM FINANCING SOLUTION ARE
EXTREMELY LIMITED.
* NILAR INTERNATIONAL AB - HAS A SHORT-TERM LIQUIDITY NEED
FOR
WHICH A SOLUTION HAS NOT YET BEEN MATERIALIZED
* NILAR INTERNATIONAL AB - EVALUATING OTHER ALTERNATIVES
SUCH AS
STRATEGIC PARTNERSHIP OR SALE OF COMPANY.
* NILAR INTERNATIONAL AB - REVIEW WILL ALSO BE CARRIED OUT,
WHICH
CONCERNS WINDING DOWN OF ALL, OR PARTS OF, BUSINESS
* NILAR INTERNATIONAL AB - ASSESSMENT THAT NEW BUSINESS PLAN
AND
FINANCIAL TARGETS ANNOUNCED ON AUGUST 11, 2023 WILL NOT BE MET.
Source text for Eikon: ID:nWkr2fdDm2
Further company coverage: NILAR.ST
(Gdansk Newsroom)
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