April 24, 2015 / 5:27 AM / 4 years ago

BRIEF-Cecon to request company is declared bankrupt

April 24 (Reuters) - Cecon ASA :

* Is unable to present a plan for a compulsory composition and request that company is declared bankrupt

* Says due to recent and unforeseen events, company’s cash balance (in Escrow against Gdf contract ) was given to Gdf against company’s will and understanding of Escrow terms

* Companies Cecon is invested in will continue its operations as prior to this

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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