Brief: Recreate: Commencement Of Bankruptcy Proceedings Of Company
11/04/2024 09:58
April 11 (Reuters) - Recreate ASA RCR.OL :
* RECREATE ASA: COMMENCEMENT OF BANKRUPTCY PROCEEDINGS OF
THE
COMPANY
* COMPANY, TOGETHER WITH ITS RELEVANT STAKEHOLDERS, WORKED
TIRELESSLY LEADING UP TO COURT HEARING TO IDENTIFY VIABLE
SOLUTIONS
* IT WAS ULTIMATELY NOT POSSIBLE TO REACH AN AGREEMENT
BETWEEN
STAKEHOLDERS ON A RESTRUCTURING PLAN DUE TO COMPLEXITIES OF
SITUATION
* COURT JUST PROVIDED ITS RULING, INITIATING BANKRUPTCY
PROCEEDINGS IN COMPANY
Source text for Eikon: ID:nObiHwm1ta
Further company coverage: RCR.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))
Recent news on Recreate ASA
See all newsBrief: Recreate: Commencement Of Bankruptcy Proceedings Of Company
Brief: Recreate ASA Says Co Has Initiated Dialogue With Norion As Part Of Efforts Towards Reaching Amicable Solution For Benefit Of All Stakeholders
Brief: Recreate Says Petition For Bankruptcy Filed Against The Company
Brief: Recreate ASA Says Carl Henrik Bertelsen Has Resigned From His Position As CFO
Brief: Recreate Says Termination Of Market Making Agreement With Sparebank 1 Markets