Troubled French distributor Metrologie International SA is to reimburse investors that took up its offer of shares to raise some $28m and will seek to launch a new recapitalisation plan: it has asked for the services of a conciliator to find a rapid solution to legal difficulties… and put in motion a new plan for […]
Troubled French distributor Metrologie International SA is to reimburse investors that took up its offer of shares to raise some $28m and will seek to launch a new recapitalisation plan: it has asked for the services of a conciliator to find a rapid solution to legal difficulties… and put in motion a new plan for recapitalisation; it insists that the failure of the plan does not mean the company is bankrupt; it was forced to scrap its plan, the final phase of a refinancing scheme, after losing an appeal of a court judgment in favour of convertible bond holders – the bondholders launched the action because they were unhappy about the firm’s plan to change their terms.
