Gant signs restructuring deal with investor

Troubled property developer Gant said on Monday that has signed a preliminary agreement with an investor on the firm’s restructuring. The investor will perform due diligence and will provide Gant with up to PLN 5 million financing. In case the funding is not sufficient, the investor has agreed to talk to the company about the potential financing of bankruptcy restructuring proceedings. In a separate statement, Gant said that its shareholders would vote on the issue of 300 million share subscription warrants.