Porsgrunn,11 April 2024 : Reference is made to the stock exchange notices on 14 March and19 March 2024 regarding the petition for bankruptcy filed againstRecreate ASA ("Recreate" or the "Company"). The Company, together with its relevant stakeholders, worked tirelessly leading up to the court hearing to identify viable solutions. Unfortunately, and despite these efforts, it was ultimately not possible to reach an agreement between the stakeholders on a restructuring plan due to the complexities of the situation. Therefore, today, the court held a hearing to process the bankruptcy petition, which the Company did not contest. The court just provided its ruling, initiating bankruptcy proceedings in the Company. For further information, please contact: Emil Eriksrød, CEO emil.eriksrod@recreate.no +47 415 22 463
Click here for more information
© Oslo Bors ASA, source