Oscar Properties faces bankruptcy application over settlement dispute

Oscar Properties Holding AB

22/07/2024 08:07

July 22 (Reuters) - Sweden's Oscar Properties said on
Monday that Brf Innovationen, a housing cooperative, has filed a
bankruptcy application against the real estate firm, citing a
breach of a settlement agreement.
    Oscar Properties said in a statement that it disputes the
bankruptcy application and may seek formal restructuring in its
court response.

 (Reporting by Jesus Calero in Gdansk; editing by Milla Nissi)
 ((jesus.calero@thomsonreuters.com))