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Borgosesia SpA in liquidazione (BRGI.MI)

BRGI.MI on Milan Stock Exchange

22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

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

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BRIEF-Borgosesia updates on extraordinary savings shareholders' meeting

* Said on Monday that its savings shareholders did not approve the elimination of the nominal value of 1.20 euro per share

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