FITEN SA, which operates on the electricity and natural gas market, published a report for the first half of 2016, in which, in addition to the increase in revenues, it showed a loss caused, among others, by the difficult situation on the wholesale market. In order to protect the Company and its stakeholders, the Management Board decided on the necessity restructuring entity. As he emphasizes – the current situation will not affect the implementation of deliveries to end users, which will proceed without disruptions.
When opening the restructuring process, the Court allowed the Company to manage the enterprise to an extent not exceeding the scope of ordinary management, while it appointed an experienced entity as the administrator in the restructuring process. PMR Restructuring ARE
17 August 2016:
" FITEN S.A.'s difficult quarter. Board decides on restructuring
