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General

Italtel board picks PSC recapitalisation plan

Monday 4 January 2021 | 16:00 CET | News
The board of Italian ICT services company Italtel has picked a binding offer submitted by shareholder PSC Partecipazioni to recapitalise the company, which filed for bankruptcy in March 2020. The proposal of PSC, a group specialising in electricity, telecommunications, healthcare and transport infrastructure, offers a total of EUR 44 million in capital investment, including EUR 30 million in new funding, said Italtel. It will now be examined by the company's legal advisors and presented to its creditors for consideration, ahead of the court deadline of 05 February 2021 to reach a final

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Categories: General
Companies: Italtel
Countries: Italy
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