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General de Alquiler de Maquinaria signs non-biding letter of intent to restructure its debt

Wednesday, 12 Nov 2014 11:59am EST

General de Alquiler de Maquinaria SA:Says signs a non-binding letter of intent to restructure its debt.Says expects to reduce debt from 283 million euros on July 30 to 125 million euros.Says to convert 60 million euros of debt into equity loan.

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