Brief: Sfinks Polska To Work Towards Opening Arrangement Proceedings

Sfinks Polska SA

27/10/2020 07:31

Oct 27 (Reuters) - Sfinks Polska SA  SFSP.WA :
    * SAID ON MONDAY MANAGEMENT HAS RESOLVED TO WORK TOWARDS
OPENING
SIMPLIFIED RESTRUCTURING PROCEEDINGS FOR COMPANY UNDER
GOVERNMENT PANDEMIC RELIEF PROGRAMME
    * COMPANY WILL SIGN SUPERVISION AGREEMENT WITH LICENCED
RESTRUCTURING ADVISOR WITHIN DAYS AND APPLY FOR DECLARATION OF
OPENING OF ARRANGEMENT PROCEEDINGS, WITH ARRANGEMENT DAY SET FOR
NOV 1
    * COMPANY DECIDED TO OPEN PROCEEDINGS DUE TO IMPACT OF
CURRENT
SITUATION WITH REGARD TO COVID-19 EPIDEMIC AND RESTRICTIONS
IMPOSED ON RESTAURANTS ON COMPANY'S ABILITY TO MEET AGREEMENTS
WITH BUSINESS PARTNERS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3R5dG5a
    
 Further company coverage:  SFSP.WA  
   


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