Page 177 - Restructuring News Today

By Reuters Staff 2 Min Read JOHANNESBURG (Reuters) - South African construction and resources company Aveng aims to raise 300 million rand ($20 million) through a fully co-underwritten rights offer to restructure its balance sheet and deleverage, the firm said on Tuesday. Aveng said restructuring its balance sheet would allow the group to reset its capital structure by deleveraging its balance sheet by more than 1 billion rand. It would also extend its debt maturity profile to three years and m...

Former President Goodluck Jonathan has said restructuring alone cannot solve Nigeria

In a statement on Friday, the group said that it maintains its estimates of addressing aggregate debt of over Rs 56,000 crore by FY22, out of an overall debt of over Rs 99,000 crore (as of October 2018).

 The immediate past President-General of Ohanaeze Ndigbo, Chief John Nwodo, has said that restructuring will address the issue of insecuri...

(3) - Building a dominant e-commerce leader focused on the intimate apparel market, leveraging growth and synergies through M&A and investing in existing fast-growing e-commerce operations - - Divesting unprofitable brick-and-mortar operations through the sale of Bendon subsidiary to deliver a strong balance sheet and access to capital markets to execute e-commerce growth strategy - SYDNEY, AUSTRALIA / ACCESSWIRE / January 21, 2021 / Naked Brand Group Limited ( Nasdaq:NAKD) ("Naked" or the "Com...

James Abraham, Jos A  former Governor of Plateau state, Jonah Jang on Tuesday said amending Nigeria’s constitution without restructuring will be a...

and the new form of governance Regulatory News: Europcar Mobility Groups (Paris:EUCAR) Extraordinary General Meeting was held on January 20, 2021 under the chairmanship of Mr. Jean-Paul Bailly, Chairman of the Supervisory Board. A quorum of 37,25% was reached. In light of the COVID-19 epidemic and in accordance with Order No. 2020 1497 of December 2, 2020, the Extraordinary Shareholders Meeting was exceptionally held without the physical presence of its shareholders, in closed session. Sharehol...

By Alexander Gladstone and Aisha Al-Muslim Steak n Shake Inc. is preparing for a possible financial restructuring and has hired an advisory firm to evaluate options as the Covid-19 pandemic continues to hit the casual-dining sector hard, according to people familiar with the matter. The Indianapolis-based burger-and-milkshake chain hired FTI Consulting Inc. to advise on a restructuring strategy, the people said. Steak n Shake, owned by entrepreneur Sardar Biglaris eponymous holding ...

Ford will shutter three plants and terminate about 5,000 jobs in Brazil by year-end as part of a global restructuring

OSLO, Jan 14 — Norwegian Air plans to close its long-haul operation and focus on a scaled-down European business, adding today that it had restarted talks with the government about possible government aid for its restructuring. Norwegian, which helped transform transatlantic travel by expanding...