Brief: TXM Launches Formal Restructuring Process

TXM SA w upadlosci

04/04/2019 06:20

April 4 (Reuters) - TXM SA  TXM.WA :
    * SAYS APPLIES FOR ACCELERATED ARRANGEMENT PROCEEDINGS
    * SAYS AGREED WITH  PKO BANK POLSKI AND ING BANK ŚLĄSKI
INITIAL
TERMS OF MAINTAINING THE COMPANY'S FINANCING UNTIL FINAL
RESTRUCTURING PLAN WILL BE SUBMITTED TO ITS CREDITORS
    * ITS  PRELIMINARY RESTRUCTURING PLAN ASSUMES CLOSING OF
UNPROIFTABLE STORES AND NOT PERSPECTIVE LOCATIONS, WINDING-UP OF
OPERATIONS IN ROMANIA AND SLOVAKIA, AMONG OTHERS

Source text for Eikon:  ID:nEM219hza 
Further company coverage:  TXM.WA 

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