La Seda de Barcelona SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
La Seda de Barcelona SA Requests Authorization For Selling Production Units Of Its Subsidiaries And Its Shares In Artenius Turkpet AS Under Insolvency Procedure
La Seda de Barcelona SA announced that, in relation to the insolvency process of the Company and the companies of its Group, the Board of Directors agreed to file a joint application in the Commercial Court No. 1 of Barcelona (el Juzgado Mercantil numero 1 de Barcelona) to request the authorization for selling the production units belonging to the companies of the Group, Artenius Espana SL and Industrias Quimicas Asociadas LSB SLU. Through the sale of the units not considered as core business, the Company expects to facilitate the agreement with the creditors. Similarly, La Seda de Barcelona SA agreed to apply to the court to receive the authorization for the sale of the shares it holds in Artenius Turkpet AS.
Latest Developments for La Seda de Barcelona SA
- Bankruptcy Administration Of La Seda de Barcelona SA Presents Agreement Proposal In Commercial Court No. 1 Of Barcelona
- Commercial Court No. 1 Of Barcelona Authorizes Sale Of La Seda de Barcelona SA’s Stake In Artenius Turkpet AS
- Commercial Court No. 1 of Barcelona Appoints Insolvency Administrator of La Seda de Barcelona SA
- Commercial Court No. 1 Of Barcelona (Spain) Issues Statement On Insolvency Of La Seda de Barcelona SA And Its Affiliates
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