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URBAS Restructuring Proposal Fails to Reach Required Majorities

URBAS's insolvency administrator says the restructuring proposal has not reached the required majorities.

URBAS

Story updates

05:31:08 PM UTC
SquawkNews
URBAS - ESTIMATES TOTAL SUPPORT FOR RESTRUCTURING PROPOSAL EXCEEDS EUR 60 MLN
05:32:06 PM UTC
SquawkNews
URBAS - BELIEVES REQUIRED MAJORITIES FOR RESTRUCTURING PROPOSAL WOULD BE ACHIEVED WITH CORRECT CALCU