The Mossi Ghisolfi Group announced that the companies: Mossi & Ghisolfi, M&G Finanziaria, Biochemtex, Beta Renewables, Italian Bio Products, IBP Energia, M&G Polimeri, and Acetati Immobiliare have filed, before the Tribunal of Alessandria, an application for admission to the arrangement with creditors procedure (“Concordato Preventivo”) in accordance with article 161 sixth paragraph of the Bankruptcy Law, in order to ensure the equal treatment of creditors.
The companies are studying a proposal for an arrangement that will allow their overall activities to continue as a going concern, although they cannot exclude alternative solutions at the end of the ongoing technical assessments.
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