Brief: TXM Withdraws From Slovak Market

TXM SA w upadlosci

17/06/2019 07:43

June 17 (Reuters) - TXM SA  TXM.WA :
    * SAYS THAT IT HAS CLOSED DOWN ITS ACTIVITY IN THE SLOVAK
MARKET
UNDER RESTRUCTURING PROCESS 
    * THE COMPANY'S ACTIVITY IN SLOVAKIA WAS CONDUCTED BY SEVEN
STORES
RUN BY SPECIAL PURPOSE ENTITIES 
    * THE WITHDRAWAL FROM FOREIGN OPERATIONS IS A CONSEQUENCE OF
LOSSES INCURRED IN THE SLOVAK MARKET AND LACK OF PROSPECTS OF
REVERSAL OF THIS TREND IN THE COMING YEAR
    * ESTIMATED COSTS OF CLOSURES SHOULD NOT EXCEED 0.4 MILLION
ZLOTYS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM5jfylDa
    
 Further company coverage:  TXM.WA  
   


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