Brief: Pharol Informs On Judicial Partial Recognition Of Claim On Rioforte

Pharol SGPS SA

09/12/2024 06:22

Dec 9 (Reuters) - Pharol SGPS SA  PHRA.LS :
    * SAID ON SUNDAY, LUXEMBOURG COMMERCIAL COURT RECOGNISED
PART OF
PHAROL'S CLAIM IN INSOLVENCY STATE OF RIOFORTE
    * COURT RECOGNISED 147 MLN EUROS TO BE INCREASED BY
INTERESTS DUE
UNTIL INSOLVENCY PROCEEDINGS DATE
    * COURT SUSPENDED DECISION ON REMAINING 750 MILLION EURO
CAPITAL
CLAIM UNTIL DECISION IN PROCEEDING BROUGHT BY AD HOC TRUSTEE OF
ESPIRITO SANTO INTERNACIONAL (ESI)
    * ESI SEEKS ANNULMENT OF ALLEGEDLY UNDUE NOTES PAYMENT IT
MADE IN
EARLY 2014, IN CONTEXT OF WHICH PHAROL REAFFIRMS IT IS NOT ESI
DEBTOR
    * PHAROL TO EXAMINE NOW CONSEQUENCES OF COURT'S DECISION,
WHICH
DOESN'T HARM ON MERITS OF CO'S REMAINING CAPITAL CLAIM

        
 Source text: https://tinyurl.com/ybdbbdjs
 Further company coverage:  PHRA.LS  

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