Brief: Oscar Properties Declares Certain Subsidiaries Bankrupt

Oscar Properties Holding AB

27/06/2024 07:35

June 27 (Reuters) - Oscar Properties  OP.ST : 
    * SAID ON WEDNESDAY IT DECLARED CERTAIN SUBSIDIARIES
BANKRUPT
    * BANKRUPTCY OF PROPERTY-OWNING SUBSIDIARIES APPLIES TO
COMPANIES
THAT OWN THE PROPERTIES MIDGÅRD 12, MIDGÅRD 14 AND NJORD 6,7 AND
VÅGBODEN 1
    * PROPERTIES ARE LOCATED IN KÖPING AND HAVE A BOOK VALUE OF
SEK
81.9 MILLION
    * FINANCIAL SITUATION OF THE SUBSIDIARIES HAS BEEN UNDER
PRESSURE
FOR SOME TIME AND SECURED PROPERTY LOANS HAVE BEEN HIGH IN
RELATION TO BIDS RECEIVED IN FORCED LIQUIDATION PHASE
    * IN ADDITION, SUBSIDIARIES WITHOUT PROPERTY OWNERSHIP WERE
ALSO
DECLARED BANKRUPT IN JUNE

        
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