District Court approves Eco Log's financial reorganization
Today at 10.00 a.m. Hälsingland District Court granted Eco Log’s reorganization. The district court assesses that there are prerequisites for the reorganization to succeed and that Eco Log has potential for long-term viability. The District Court has appointed Linda Schenholm from Carler law firm as administrator in line with the company's proposal. The creditors' meeting will take place on December 12th in Hälsingland District Court and the administrator will contact the relevant creditors in the near future.
- This is positive news, even if it was expected. Eco Log has a healthy core and potential for long-term viability. We now have the opportunity to manage our temporary liquidity issues and create a stable and stronger Eco Log for the future, says Niklas Jonsson, CEO of Eco Log.
For more information about background and what a financial reorganization entails, click here.
For more information, please contact:
Niklas Jonsson, CEO Eco Log
niklas.jonsson@ecologforestry.com
or
Linda Schenholm, reconstructor
linda.schenholm@carler.se