Vistal Gdynia Motions For Grace Period In Arrangement Payments
T-Reuters
2022-06-30
Vistal Gdynia SA :Said On Wednesday It Has Motioned For Change To Terms Of Rehabilitation Arrangement.Company Asks For 9-Month Grace Period For Payment Of Quarterly Instalments From Q2 Till Q4.Payment Would Be Resumed From Q1 2023, Extending Execution Of Arrangement By Three Quarters.Move Is Due To Drop In Income Resulting From Higher Material And Production Prices Caused By Geopolitical Instability In Region.