02.01.2019.

The funds obtained by the sale will be used in the following way, in accordance with the Company's pre-bankruptcy settlement: 55% of the funds will be used to repay the debt to mezzanine creditors, while 45% of the funds will be used for further financial and operative restructuring, financing the working capital and managing the liquidity, all for the purpose of improving the Company's operative efficiency and profitability.

By completing this transaction, the Company achieved its main goals: (i) reducing the Company's financial liabilities, (ii) the continuity of fulfilling its obligations in accordance with the pre-bankruptcy settlement, (iii) further implementation of financial and operative restructuring.

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Dalekovod. dd published this content on 02 January 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 02 January 2019 14:08:08 UTC