January 11, 2018 / 6:25 PM / 5 months ago

BRIEF-Kardan Says Will Negotiate New Debt Settlement With Its Debenture Holders

Jan 11 (Reuters) - KARDAN NV:

* WON’T BE ABLE TO COMPLETE TRANSACTION FOR SALE OF ITS TGI HOLDINGS IN WAY TO BE ABLE TO MEET UPCOMING PAYMENTS TO DEBENTURE HOLDERS IN FEB. 2018‍​

* CONTINUES TO NEGOTIATE WITH SEVERAL PARTIES REGARDING SALE OF ITS HOLDINGS IN TGI

* INTENDS TO APPROACH DEBENTURE HOLDERS IN ORDER TO NEGOTIATE NEW DEBT SETTLEMENT UNDER GIVEN CIRCUMSTANCES Source text: bit.ly/2Eyw6eN Further company coverage: (Gdynia Newsroom)

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