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Borgosesia SpA in liquidazione (BRGI.MI)

BRGI.MI on Milan Stock Exchange

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21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Borgosesia finalizes its incorporation into unit Kronos
Monday, 3 Jul 2017 06:00am EDT 

July 3(Reuters) - BORGOSESIA SPA ::SAID ON FRIDAY THAT, ACCORDING TO ITS DEBT RESTRUCTURING PLAN, IT TRANSFERED THE ENTIRE COMPANY TO ITS UNIT KRONOS SPA.TRANSFER EXCLUDES 100 PCT STAKES IN BORGOSESIA GESTIONI SGR SPA AND GIADA SRL, AS WELL AS AN OFFICE IN BIELLA.  Full Article

Borgosesia SpA in liquidazione signs debt restructuring agreement
Monday, 12 Jun 2017 05:03am EDT 

June 12 (Reuters) - BORGOSESIA SPA IN LIQUIDAZIONE ::ANNOUNCED ON FRIDAY THAT BORGOSESIA SPA IN LIQUIDAZIONE, NOVA EDIL SRL, SMIT REAL ESTATE SRL IN LIQUIDAZIONE AND KRONOS SPA HAVE SIGNED A CONTRACT WITH VARIOUS CREDITORS FOR DEBT RESTRUCTURING FOR ABOUT 28 MILLION EUROS IN THE GROUP.  Full Article

Borgosesia subscribes to the whole share capital of Kronos
Wednesday, 3 May 2017 05:14am EDT 

May 3 (Reuters) - Borgosesia SpA in liquidazione ::Said on Tuesday that it subscribed to the whole share capital of Kronos SpA, amounting to 50,000 euros ($54,560.00).To transfer in favour of Kronos, once the restructuring plan is approved, the company of the parent company in order to liquidate all the components of the parent company.  Full Article

BRIEF- Borgosesia FY net loss group share shrinks to EUR 2.6 mln
Tuesday, 18 Apr 2017 01:58am EDT 

Corrects story from April 14. Corrects FY net loss group share to 2.6 million euros from 2.7 million euros.:Reported on April 14 FY net loss group share of 2.6 million euros ($2.77 million) versus loss of 5.6 million euros a year ago .FY sales revenues of 2.0 million euros versus 2.3 million euros a year ago.  Full Article

Borgosesia FY net loss group share shrinks to EUR 2.7 mln
Friday, 14 Apr 2017 06:35am EDT 

Borgosesia SpA in liquidazione : Reported on Thursday FY net loss group share of 2.7 million euros ($2.87 million) versus loss of 5.6 million euros a year ago .FY sales revenues of 2.0 million euros versus 2.3 million euros a year ago.  Full Article

Borgosesia to sell Borgosesia Gestioni SGR to CdR Advance Capital
Thursday, 29 Dec 2016 06:16am EST 

Borgosesia SpA in liquidazione : Reported on Wednesday that the board of liquidators approved to start the procedure for the disposal of the whole stake in Borgosesia Gestioni SGR SpA in liquidazione to CdR Advance Capital SpA . It is estimated that the price of the transaction will be around 1.4 million euros ($1.47 million) .Transaction is expected to be completed by H1 2017.  Full Article

Borgosesia H1 net loss widens to EUR 3.6 mln
Wednesday, 28 Sep 2016 12:36pm EDT 

Borgosesia SpA in Liquidazione : H1 total revenue 1.1 million euros ($1.23 million) versus 1.2 million euros a year ago .H1 net loss 3.6 million euros versus loss 2.2 million euros a year ago.  Full Article

Borgosesia announces details of restructuring plan
Monday, 25 Jul 2016 03:42am EDT 

Borgosesia SpA in liquidazione : Said on Friday the board of liquidators approved guidelines of debt restructuring plan imposed on the company and other companies under its control, prepared by CdR Advance Capital SpA, company's advisor . Under the plan the company will transfer all its assets to a newly established wholly owned subsidiary . The assets concentration will also apply to assets under management of the company as a result of dissolution of real estate fund Gioiello, managed by Borgosesia Gestioni SGR SpA in liquidazione, unit of Borgosesia SpA . The plan involves also extinction of several liabilities from planned divestment of assets by Dec. 2021 .The plan will be submitted to creditors in coming weeks.  Full Article

Borgosesia SpAshareholders approve dissolution of the company
Sunday, 29 Nov 2015 07:00pm EST 

Borgosesia SpA:Extraordinary Shareholders' Meeting approves voluntary dissolution of the company and appoints liquidators.  Full Article

BRIEF-Borgosesia finalizes its incorporation into unit Kronos

* SAID ON FRIDAY THAT, ACCORDING TO ITS DEBT RESTRUCTURING PLAN, IT TRANSFERED THE ENTIRE COMPANY TO ITS UNIT KRONOS SPA

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