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Vertice Trescientos Sesenta Grados SA to initiate negotiations under 5 Bis of Bankruptcy Law


Thursday, 12 Dec 2013 12:59pm EST 

Vertice Trescientos Sesenta Grados SA:Says the Board of Directors, at its meeting held on Dec. 12, agreed to notify on the initiation of negotiations according to the article 5 Bis of the Bankruptcy Law.Says the notification will be submitted to the Commercial Court (el Juzgado Mercantil).Says it has agreed on the above after the study of the company's financial situation and due to the fact that the negotiations are carried out with creditors to propose an agreement or reach a refinancing agreement. 

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