Technicolor's financial creditors approve safeguard plan

Monday 6 July 2020 | 17:20 CET | News
Technicolor has completed a new step within the financial safeguard procedure announced in mid-June, saying that its proposed restructuring plan has been backed by all of the creditors participating in the vote. The company explained that the next milestone will be the extraordinary general meeting scheduled on 20 July, when it is hoping that all the resolutions in support of the plan will be approved by shareholders. Failing that, the administrators appointed by the court would have no alternative but to initiate receivership or liquidation proceedings. In such a scenario, the company's

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Categories: Broadcast & Satellite / Internet
Companies: Technicolor
Countries: France / World
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