Brief: Ebioss Simplifies Structure, To End Talks on Share Capital Increase

Tesla Energy Storage ED

11/10/2018 06:24

Oct 11 (Reuters) - Ebioss Energy ED  EBI.MC :
    * SAID ON WEDNESDAY THAT UNDER DEBT RESTRUCTURING IT HAD
SIMPLIFIED ITS STRUCTURE
    * IT LIQUIDATED SYNGAS ITALY AS IT STOPPED BEING PART OF THE
CORE
BUSINESS OF NEW STRATEGY
    * PUT UP FOR SALE ENERGY PRODUCTION AND BIOMASS DISTRIBUTION
PLANTS IN BULGARIA
    * AGREED TO SELL ITS STAKE IN WINTTEC SGPS TO ITS MINORITY
SHAREHOLDERS
    * SPANISH UNITS OF THE GROUP FILED FOR PRE-INSOLVENCY
PROCEEDINGS
(ARTICLE 5 BIS OF BANKRUPTCY LAW) BEFORE THE COURT IN BARCELONA
    * COMPLETED PERSONNEL RESTRUCTURING: CURRENTLY 33 EMPLOYEES
OF THE
GROUP VS 107 EMPLOYEES AT END 2017
    * THE GROUP IS FINALISING TALKS ON SHARE CAPITAL INCREASE
FOR
MINIMUM AMOUNT OF 10 MILLION EUROS
    * TO FOCUS ON SERVICES AND PROJECTS OF SMART WASTE 

    
 Source text: https://bit.ly/2NBjMyw
    
 Further company coverage:  EBI.MC  
   


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