Brief: Pharol informs on potential court action by insolvent Espirito Santo International

Pharol SGPS SA

15/11/2017 11:12

Nov 15 (Reuters) - PHAROL SGPS SA  PHRA.LS : 
    * INFORMED ON TUESDAY ON POTENTIAL COURT ACTION BY ESPIRITO 
SANTO 
INTERNATIONAL ("IN INSOVENCY") (ESI) 
    * SAYS RECEIVERS OF ESI DECLARE THAT SUCH INSOLVENT ENTITY 
WILL 
FILE A COURT ACTION AGAINST PHAROL, CLAIMING REIMBURSEMENT OF 
750 MILLION EUROS 
    * SAYS THE RECEIVERS OF ESI DO NOT DISCLOSE THE REASONS FOR 
SUCH 
REQUEST 
    * SAYS DOES NOT OWE ANY AMOUNTS TO ESI AND WILL WAIT TO BE 
NOTIFIED OF THE ANNOUNCED COURT ACTION 
    * SAYS HAS A CREDIT OVER RIO FORTE SA ("IN INSOLVENCY") FOR 
THE 
AMOUNT OF 897 MILLION EUROS, WHICH HAS BEEN DULY CLAIMED WITH 
THE INSOLVENCY RECEIVERS IN LUXEMBOURG 
 
     
 Source text: http://bit.ly/2zZ7iP3 
     
 Further company coverage:  PHRA.LS   
    
 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))