September 28, 2018 / 5:34 AM / 20 days ago

BRIEF-ECG To File For Insolvency Proceedings

Sept 28 (Reuters) - Euroconsult Engineering Consulting Group SA:

* SAID ON THURSDAY IT WAS NOT POSSIBLE TO COMPLETE THE AGREEMENT WITH COMPANY’S CREDITORS WITHIN ESTABLISHED DEADLINES

* BOARD OF DIRECTORS OF ECG INFORMS DECIDED TO FILE FOR INSOLVENCY PROCEEDINGS, CONTINUING ITS NORMAL OPERATIONS

* IT IS ECG’S INTENTION TO REACH AGREEMENT WITH CREDITORS TO RESTRUCTURE PART OF ITS LIABILITIES IN SUCH A WAY THAT FINANCIAL STABILITY AND NORMAL DEVELOPMENT OF ITS ACTIVITY ARE RECOVERED

Source text: bit.ly/2DAWI3f

Further company coverage: (Gdynia Newsroom)

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