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Partouche creditors approve debt repayment plan

2nd April 2014 6:08 am GMT

French casino operator Groupe Partouche has had a debt repayment plan approved by its creditors as it looks to pay off outstanding debt and avoid insolvency.

The agreement was reached unanimously earlier this week after six months of discussions between the company’s administrators, legal counsel and bank, Bank Lazard.

Under the terms of the deal, the operator’s financial subsidiary Financière Partouche will repay its debts of €31.6m, making an immediate payment of around €9.8m and [...]

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