Brief: Italy's Watchdog Consob Says No Certainties On EEMS Italia's Business Continuity

Ops Italia SpA

28/09/2023 09:01

Sept 28 (Reuters) - EEMS Italia SpA  EEMS.MI :
    * ITALY'S WATCHDOG CONSOB SAYS THERE ARE NO CERTAINTIES ON GROUP CONTINUITY
    * CONSOB SAYS CONVERTIBLE BOND DEAL WITH NEGMA IS NOT SUFFICIENT TO SOURCE
FUNDING
NECESSARY TO SUSTAIN GROUP'S FINANCIAL NEEDS
    * CONSOB SAYS HIGH RISKS THAT COMPANY WILL NOT BE ABLE TO REACH INDUSTRIAL
PLAN
    * CONSOB SAYS INVESTMENT IN EEMS SHARES IS HIGHLY RISKY, VALUE OF SHARES
MIGHT BE
ZEROED SHOULD BUSINESS DEFAULT


Further company coverage:  EEMS.MI 

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