Barcelona Mercantile Court no. 5 agreed to open the first stage of liquidation of a Catalan real estate and construction company Fergo Aisa, the firm informed the Spanish National Securities & Exchange Commission (CNMV) last Friday.
Against that decision, the company is to set out interposition of an appropriate appeal for reversal and application of suspending its effects.
Fergo Aisa which holds a debt of 250 million Euros, entered an arrangement with creditors in July (…). It still demonstrates intention to continue negotiations on its liabilities.
Source: Europa Press