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Codere warns of insolvency if restructuring talks fail

22nd January 2014 11:23 am GMT

Beleaguered Spanish gaming operator Codere has warned that it faces the risk of insolvency if it fails to reach an agreement with its creditors to restructure debt and find alternative ways to meet its financial obligations.

The company is currently in negotiations to find ways to fulfill its financial and contractual obligations and will look to set a deadline for announcing a plan to refinance its debts, which may include repossession of assets and extending debt [...]

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