Alma Shares fell on Monday on the stock EXCHANGE more than 7 percent. You probably fall even more if the information about cancellation of credit contracts for PKO BP reached investors informed – before the close of the trading session. This is very bad news for the company, which is struggling for survival, and that in mid-September filed an application for commencement of procedure sanacyjnego.
Termination for three credits or two investment and one wielocelowego provided in the form of a credit limit.
- cancellation of the credit agreement – as they say in the company message means that the obligation of repayment of the outstanding amount within the notice period, which, together with wymagalnymi interest on the date of 3 October 2016 is a total of 60 884 107,17 rubles.
Short notice. The threat of bankruptcy
termination period is not long. It’s only 7 days counting from the following day of receipt of the notification. Alma is not much time to return the money to the Bank.
PKO BP in writing of Alma to say the words around it. The Bank cancelled the agreement because of the threat of bankruptcy.
Recall that Alma finished last year with a loss at the level of nearly 150 million UAH. In August adopted a decision on the revision of the parameters of the strategy in all areas of the business. The company also closed loss-making enterprises starts employment. Work to lose more than 1,300 people.
Currently, with the logo of Alma operates 36 stores in early July there were 50 of them. Recently closed shops on a street Grójecka 194, Warsaw, and St. Stańczyka in Krakow.
the Text is taken from the blog “Subjectively about the stock market and the economy.”
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