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Provider: Reuters Investment Profile
Provider: Alta Invest
Provider: Alta Invest

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PIVOVARNA LASKO dd Announces its Operational and Financial Restructuring

Tuesday, 6 Aug 2013 08:36am EDT 

PIVOVARNA LASKO dd announced that it has made an agreement and signed a credit agreement with the banks concerning reprogramming of debt until April 30, 2014, which is part of the Company's operational and financial restructuring. The reprogramming will provide the companies from the Pivovarna Lasko group with a possibility of the solvency of the debt financing for the duration of the sale procedure of Mercator dd. The consortium of Sellers of Mercator dd's shares and the buyer, Agrokor dd as the agent and the holders of liens on the shares of Mercator dd have also signed the agreement on custody services as it is provided in the sale and purchase agreement concerning sale of 53.1% stake in Mercator dd. 

Company Quote

6:25am EDT