Edition:
United States

Adveo Deutschland Invokes Pre-Insolvency Protection


Friday, 9 Nov 2018 01:12pm EST 

Nov 12 (Reuters) - Adveo Group International SA ::SAID ON FRIDAY GROUP AFFILIATE IN GERMANY ADVEO DEUTSCHLAND GMBH INVOKED PRE-INSOLVENCY PROTECTION MECHANISM FORESEEN UNDER GERMAN LAW.AS A CONSEQUENCE, COMPANY CAN'T BE CLAIMED BY ITS CREDITORS DURING NEGOTIATIONS RELATED TO REFINANCING.ADOPTION OF PROTECTION MECHANISM, WHICH CAN LAST FOR UP TO THREE MONTHS, DOES NOT IMPLY ANY CHANGES IN CURRENT ACTIVITY OF COMPANY.COMPANY CONTINUES EXPLORING ALTERNATIVES FOR ITS REFINANCING.