July 12, 2019 / 5:27 AM / 12 days ago

BRIEF-Urbar Ingenieros To Request Declaration Of Insolvency

July 12 (Reuters) - Urbar Ingenieros SA:

* SAID ON THURSDAY BOARD APPROVES TO REQUEST DECLARATION OF INSOLVENCY OF URBAR AND ITS UNITS METROCOMPOST, URBAR SOLUCIONES DE INGENIERIA AND VIRLAB

* IT WAS NOT POSSIBLE TO REACH A REFINANCING AGREEMENT WITH MAIN FINANCIAL ENTITIES OF COMPANY

* IT IS EXPECTED THAT FORMAL REQUEST FOR DECLARATION OF INSOLVENCY WILL BE MADE ON JULY 12

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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