September 29, 2016 / 2:41 PM / a year ago

BRIEF-EZO unit applies for opening rehabilitation proceedings

Sept 29 (Reuters) - EZO SA :

* Its unit, Recykling i Energia SA, applies to Court in Warsaw for opening rehabilitation proceedings

* The unit plans to open the rehabilitation proceedings due to the inability to early redeem series A bonds worth 36.4 million zlotys ($9.49 million)

* The early bond redemption is related to the notice received from the Polish Agency for Enterprise Development concerning a subsidy agreement termination and a demand of a grant repayment in the amount of 39.9 million zlotys Source text for Eikon: Further company coverage: ($1 = 3.8344 zlotys) (Gdynia Newsroom)

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