Chemoservis-Dwory in ‘difficult financial condition’

WSE-listed chemical and industrial infrastructure operator Chemoservis-Dwory said it is in a “difficult financial condition,” and does not rule out restructuring, the company said in a market filing, adding that two weeks ago it received a call for bond payments for some PLN 16.5 million from Noble Funds TFI, Distressed Assets FIZAN, and Open Finanse Obligacji Przedsiębiorstw FIZAN. The company added that its subsidiary Zakład Energetyczny ZEN will post an impairment loss in the amount of PLN 15.2 million in the annual report for “works in progress.” Chemoservis-Dwory also said that on March 28, it decided to delay the publication of confidential information about negotiations with Synthos ”In the face of the difficult financial condition of the company.” The communication does not state what these negotiations concern.