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Codere SA says starts formal talk with creditors-Reuters

Thursday, 2 Jan 2014 11:56am EST 

Codere SA:The company said it was initiating talks with creditors to avoid insolvency proceedings-Reuters.The process usually gives companies four months to try and strike a deal with lenders.The company has been struggling for several months already to reach a debt restructuring deal and had delayed a recent coupon payment on a bond. 

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0.16 +26.23%
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