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Deltaq A/S Announces Management Buy-In in Spinning Jewelry a/s


Friday, 28 Jun 2013 09:09am EDT 

Deltaq A/S announced that the bankruptcy estate of the Company's subsidiary, Spinning Jewelry a/s, has sold the Spinning Jewelry's activities and right to further run the company to a consortium consisting of Spinning Jewelry's new management and several financial investors. Deltaq is also among the owners of the newly formed entity, Spinning Jewelry ApS, with shareholding of 23.2%. Deltaq has decided to support Spinning Jewelry ApS and its stakeholders as it believes that, despite the problems Spinning Jewelry have been facing in the recent years, the company has a strong jewelery concept. 

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