February 8, 2018 / 11:39 AM / 14 days ago

BRIEF-Zastal Signs Debt Restructuring Deals

Feb 8 (Reuters) - ZASTAL SA :

* SAID ON WEDNESDAY THAT IT SIGNED DEALS WITH ITS CREDITORS ON DEBT RESTRUCTURING

* AS RESULT THE COMPANY‘S LIABILITIES HAVE DECREASED BY 67.9 MLN ZLOTYS

* TWO CREDITORS ACQUIRED 48.5 MLN NEWLY ISSUED SERIES VI SHARES OF ZASTAL AT TOTAL ISSUE PRICE OF 48.5 MLN ZLOTYS, FOLLOWING WHICH COMPANY‘S SHARE CAPITAL INCREASED TO 82.0 MLN ZLOTYS

* ZASTAL ALSO SIGNED DEAL ON TRANSFER OF PROPERTY RIGHTS TO 60,000 SERIES A SHARES OF LANDEX SP. Z O.O. OF 13.1 MLN ZLOTY ASSET VALUE AND ANOTHER DEAL ON TRANSFER OF PROPERTY RIGHTS TO 8,168 SERIES A BONDS ISSUED BY BENTEN SP. Z O.O. OF 6.4 MLN ZLOTY ASSET VALUE Source texts for Eikon:,,

Further company coverage: (Gdynia Newsroom)

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