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MeldingsID: 434994
Dato/tid 18.09.2017 21:00
Utsteder RenoNorden ASA
UtstederID RENO
Instrument RENO
Marked OB
Kategori ANNEN INFORMASJONSPLIKTIG REGULATORISK INFORMASJON
Informasjonspliktig   Informasjonspliktige opplysninger   Lagringspliktig melding
Vedlegg
Tittel RenoNorden ASA: File for bankruptcy
Tekst
RenoNorden AS has since 6. September entered into new 
negotiations with certain municipalities in order to 
terminate nine unprofitable customer contracts entered into 
in 2015 and first half of 2016. A prerequisite for the 
municipalities for accepting termination has been equal 
treatment of all the municipalities involved. The company 
has failed to achieve a satisfactory solution and have 
informed its parent and lenders thereof today. Based on 
this, RenoNorden ASA`s lenders, DNB and Den Danske Bank 
("the Banks"), have announced that no further funds will be 
available to either RenoNorden AS or RenoNorden ASA. 
Subsequently, both entities will file for bankruptcy without 
undue delay.

The Banks have stated that they intend to offer financing to 
the subsidiaries in Denmark, Sweden and Finland on an 
independent basis to support their continued business. The 
dialogue in this respect will be carried out between the 
Banks and each of the subsidiaries. 

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