IHS Chemical Week

Regions :: Western Europe

La Seda's shareholders back asset restructuring proposal over debt restructuring plan

6:46 AM MDT | June 27, 2013 | Francinia Protti-Alvarez

Beleaguered polyethylene terephthalate (PET) producer La Seda de Barcelona's (El Prat de Llobregat, Spain) shareholders rejected a plan to restructure more than 75% of the company's syndicated debt, voting instead in favor of an asset restructuring plan, the company says in a filing with the Spanish CNMV stock exchange. About 82% of the shareholders voted in favor of the asset restructuring plan proposed by BA Vidrio (Villafranca de Los Barros, Spain), the biggest shareholder in La Seda with an 18% stake. However, BA Vidrio now needs to obtain backing from the...

This information is only available to Chemical Week subscribers.

Username:
Password:

Forgot your user ID or password?
Click here to have it sent to you.



Not an IHS Chemical Week member yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine in print or digital format
  • Critical daily news and analysis on chemweek.com
  • Free mobile edition 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now

100% Satisfaction Guarantee
If at any time you are not completely satisfied with IHS Chemical Week, simply notify us and we'll refund the balance of your paid subscription - no problem.

Learn more about group subscriptions and site licenses.

 














 
contact us | about us | customer care | privacy policy | sitemap | advertise

ihsCopyright © 2015 IHS, Inc. All rights reserved. Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa