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IT

S&T agrees debt restructuring with banks

Tuesday 22 February 2011 | 15:43 CET | News
European systems integrator S&T has agreed a debt restructuring with its banks. The funding package approved provides for equal treatment of all creditors and the postponement of the bonds due in 2011 to 1 April 2012. S&T said the agreement provides the basis for concluding discussions with potential investors in the company. As part of the restructuring, the group has also filed for insolvency of its Swiss subsidiary.

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Categories: IT
Countries: Europe
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