COURT FINALISES TAKEOVER DEAL OF GREEK COLD CUTS PRODUCER CRETA FARMS
August 2nd, 2020
The takeover of troubled Greek cold cuts producer Creta Farms has been approved by a court, with Dutch-Bulgarian investment trust Impala Invest Group, which already runs food manufacturers in Bulgaria, to gain ownership.
A court of first instance in the Cretan city of Rethymno has formally approved a restructuring plan filed at the court by the new owner, which had been previously approved by the Greek banks and includes debt haircut of 64.12%. That means, Impala Invest will undertake the repayment of EUR58.5 million’s worth of the company's total EUR162.9 ...
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