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(Visited 122 times, 1 visits today)

York to restructure Russotti’s debt and to enter the company’s capital

07 August, Bebeez

York Capital Management will restructure the debt of the hotel chain Russotti and then enter its capital acquiring a 40%share. York bought credits from the main creditors for 144 million euro and will invest 130 million to become a shareholder of the company. The investment will also be used to relaunch the company by renovating some of its hotels.

Source: Bebeez

Translator: Cristina Ambrosi

(Visited 122 times, 1 visits today)

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