Spain's Codere says starts formal talk with creditors
MADRID Jan 2 (Reuters) - Spanish gaming group Codere on Thursday said it was initiating talks with creditors to avoid insolvency proceedings, in a process that usually gives companies four months to try and strike a deal with lenders.
Codere has been struggling for several months already to reach a debt restructuring deal and had delayed a recent coupon payment on a bond. (Reporting by Sarah White, Editing by Elisabeth O'Leary)
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