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Talvivaara seeks debt restructuring, bankruptcy possible
November 15, 2013 / 7:21 AM / 4 years ago

Talvivaara seeks debt restructuring, bankruptcy possible

HELSINKI, Nov 15 (Reuters) - Loss-making Finnish miner Talvivaara will seek to restructure its debt and could apply for bankruptcy if that fails after a slew of production problems and a slump in the price of nickel.

Talvivaara said it was asking shareholders for a 40 million euro debt restructuring as part of a court-supervised reorganisation process.

It said it would probably file for bankruptcy proceedings if the reorganisation process fails. (Reporting by Ritsuko Ando; editing by Patrick Graham)

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