Non-Paper Containers / Packaging
La Seda de Barcelona SA's Shareholders Reject Plan To Halt Insolvency-Reuters
Reuters reported that the shareholders of La Seda de Barcelona SA (La Seda) rejected a debt refinancing plan that would have allowed the Company to withdraw from insolvency proceedings. The Company has been in talks with creditors for months since high material costs and excess supply of the PET plastic containers it makes put pressure on its business. But La Seda shareholder BA Pet with an 18% stake said in a statement on June 26, 2013 that shareholders had rejected Anchorage's proposal to control the company by taking on 40% of financial debt at a 60% discount. La Seda said in a stock market filing that a majority of shareholders rejected a plan to give Anchorage a stake in the company in exchange for debt.
Jindal Poly Films Ltd Announces Receipt Of Formal Order For Demerger By Honorable High Court Of Allahabad
Jindal Poly Films Ltd announced that with reference to the earlier announcement relating to the approval of Scheme of Demerger of Investment Division of the Company into Jindal Poly Investment and Finance Company Limited by Honorable High Court of Allahabad, Jindal Poly Films Ltd has informed that the Company has received the formal order from Honorable High Court of Allahabad.
La Seda de Barcelona SA Initiates Process Of Dissolution Of Its Subsidiary Artenius Hellas SA
La Seda de Barcelona SA announced that it has registered an agreement in the Commercial Register of Athens to initiate the process of Artenius Hellas SA’s (the Company’s subsidiary) dissolution, due to lack of profitability of the production unit in Greece. As part of the initial liquidation proceedings, an agreement has been reached with all the employees of Artenius Hellas SA for the extinction of the respective labor relations.
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Analyst Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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Provider: Edison Investment Research
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$10.00
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Provider: Edison Investment Research
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$10.00
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