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Provider: Reuters Investment Profile
$20.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00
Provider: GlobalData
$125.00

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La Seda de Barcelona SA Requests Authorization For Selling Production Units Of Its Subsidiaries And Its Shares In Artenius Turkpet AS Under Insolvency Procedure


Thursday, 12 Sep 2013 08:01am EDT 

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. 

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