United States

Banimo: Approval of the Urbanove judicial reorganisation

Friday, 23 Dec 2016 02:25am EST 

Banimmo SA : Banimmo has been informed by Urbanove shopping development of a decision by majority of its creditors to approve judicial reorganisation of the group . The approval of the Urbanove judicial reorganisation marks a major step forwards for Banimmo . Reorganization will be ratified by Brussels Trade & Commerce Tribunal in early January .Reorganisation involves takeover of "Côté Verre" project in Namur by Besix red and "Au fil de l'eau" project in Verviers by city mall.