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BRIEF-3W Power reports need for balance-sheet restructuring and measures to improve liquidity
September 5, 2017 / 10:09 PM / 3 months ago

BRIEF-3W Power reports need for balance-sheet restructuring and measures to improve liquidity

Sept 5 (Reuters) - 3W Power SA -

* 3W Power S.A. / AEG Power Solutions: - need for balance-sheet restructuring and measures to improve liquidity

* Company will postpone publication of results for first half year (H1) and Q2 2017.

* Concludes that as necessary step of group’s financial restructuring substantial deleveraging and balance-sheet restructuring is required

* Co, key stakeholders entered into non-binding mou outlining key elements, next steps of restructuring, pre-requisites to provide additional capital

* 3W Power SA says a third-party expert will be promptly mandated to prepare a restructuring opinion for group Source text for Eikon: Further company coverage:

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