Edition:
United States

Adveo Receives Offers For Sale Of Its Assets In France, Belgium, Netherlands And Italy


Monday, 25 Feb 2019 12:56pm EST 

Feb 25 (Reuters) - Adveo Group International SA ::RECEIVES A NEW BINDING OFFER FOR PURCHASE OF CERTAIN ASSETS OWNED BY ADVEO FOR 5.5 MILLION EUROS.FINANCIAL DEBT WILL BE ACQUIRED BY SANDTON WHO WILL WAIVE POSSIBILITY TO CLAIM IT FROM CO'S OF ADVEO GROUP THAT ARE NOT ACQUIRED.FINANCIAL INSTITUTIONS WILL ACQUIRE, AS OF PAYMENT DATE, REAL ESTATE ASSETS OF ADVEO GROUP.SIGNS BRIDGING LOAN DEAL WITH SANDTON FOR UP TO 5 MILLION EUROS, WHICH WILL BE MADE AVAILABLE TO ADVEO IMMEDIATELY.RECEIVES A PURCHASE OFFER RELATING TO ASSETS OF ITS BUSINESS IN ITALY FROM GDN S.P.A FOR 3 MILLION EUROS.TO REQUEST CONCLUSION OF INSOLVENCY PROCEEDINGS OF ADVEO FRANCE S.A.S. AND OF ADVEO BELGIUM NV.