MossiGhisolfi Group files for “concordato preventivo”
The Mossi Ghisolfi Group announces that the companies:
·Mossi & Ghisolfi S.p.A.
·M&G Finanziaria S.p.A.
·Biochemtex S.p.A.
·Beta Renewables S.r.l.
·Italian Bio Products S.r.l.
·IBP Energia S.r.l.
·M&G Polimeri S.p.A.
·Acetati Immobiliare S.p.A.
havefiled, before the Tribunal of Alessandria, an application for admission to thearrangement with creditors procedure (“Concordato Preventivo”) in accordancewith article 161 sixth paragraph of the Bankruptcy Law, in order to ensure theequal treatment of creditors.
Thecompanies are studying a proposal for an arrangement that will allow theiroverall activities to continue as a going concern, although they cannot excludealternative solutions at the end of the ongoing technical assessments.