Brief: Rizzo Unit Applies For New Corporate Reorganization

Rizzo AB

23/04/2021 08:10

April 23 (Reuters) - Rizzo Group AB  RIZZOb.ST :
    * RIZZO GROUP AB APPLIES FOR A NEW CORPORATE REORGANIZATION
    * WHOLLY OWNED SUBSIDIARY RIZZO INTERNATIONAL HAS TODAY
APPLIED
FOR CORPORATE REORGANIZATION AT STOCKHOLM DISTRICT COURT
    * DECISION IS BASED ON THE FACT THAT RIZZO INTERNATIONAL,
LIKE
RIZZO GROUP, HAS BEEN NEGATIVELY AFFECTED BY THE ONGOING CORONA
PANDEMIC AND THE RESTRICTIONS IMPOSED SINCE 27 OCTOBER 2020
    * IT IS ESTIMATED THAT A REORGANIZATION PROCEDURE WILL BE
ABLE TO
LEAD TO THE BUSINESS BECOMING PROFITABLE

Source text for Eikon:  ID:nWkr8N1w7K 
Further company coverage:  RIZZOb.ST 

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