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Creditors Launch Debt Restructuring at Cimos

Ljubljana, 22 May - Automotive industry supplier Cimos, one of the biggest companies in Slovenia, will undergo court-supervised debt restructuring after the major creditors decided against a debt-to-equity conversion by the Thursday deadline.

Ljubljana
Bank Asset Management Company (BAMC) announces plan to initiate debt restructuring at car parts supplier Cimos instead of a debt-to-equity conversion. Head of asset management Janez Škrubej (pictured) says debt restructuring more likely to stabilise the company and improve business processes.
Photo: Nebojša Tejić/STA

Ljubljana
Bank Asset Management Company (BAMC) announces plan to initiate debt restructuring at car parts supplier Cimos instead of a debt-to-equity conversion. CEO Christopher Gwilliam (pictured) said company had a portfolio of strategic products worth preserving.
Photo: Nebojša Tejić/STA

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