Ezentis requests the pre-bankruptcy of creditors due to the risk of “imminent insolvency”



The Ezentis Board of Directors has requested the pre-bankruptcy of creditors in the commercial court of Seville through the communication of article 583 of the consolidated text of the Bankruptcy Law in a context of risk of “imminent insolvency”after months of treasury tensions, as notified in a statement sent to the National Securities Market Commission (CNMV).

The company has explained that all this has led to a situation of “imminent insolvency, which could become current in the coming weeks”. Likewise, it has reported that its subsidiary of the company in Germany has filed a declaration of insolvency with the corresponding body.

In this scenario, the council has requested the pre-contest after months of preparing a viability plan that can ensure the continuity of the company and its subsidiaries, having received support from both its main client and financial institutions, to the extent that the premises necessary for the viability of the company today have not been guaranteed (especially the relevant cash inflow).

“The decision to present said communication to open negotiations with the creditors – which has also been adopted by the administrative body of the company’s national subsidiaries – It has been adopted after obtaining the appropriate external advice and in order to protect the interests of creditors. and shareholders of the company, enabling additional time to reach the necessary agreements with creditors,” Ezentis added in the statement.

Source: Vozpópuli by www.vozpopuli.com.

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