7/07/2014 – Expansion
The Rayet Group has managed to accede to a convention with 57% of its lenders. The agreement awaits legal approval.
What is more, Rayet has been allowed to sell 20.8 million pledged shares (equal to a 1.24% stake) of Quabit Inmobiliaria which enhanced the firm´s liquidity on facing the insolvency process.
According to the Friday´s stock market price of Quabit in which Rayet is the majority stakeholder, the share lot was worth of €2 million.
Original article: Expansión
Translation: AURA REE