Porsgrunn,14 March 2024 :Recreate ASA ("Recreate" or the "Company") has tonight received a notification fromNorion Bank AB ("Norion") that it has decided to enforce its security rights pursuant to the shareholder loans granted by the Company's majority shareholder, Rising Group AS. As a result, Norion has now become a creditor of the Company. Norion also informed certain key individuals of the Company that it has filed a petition for the bankruptcy of the Company. However, the Company has not yet received a copy of the petition and will provide further information once it has received and reviewed its details. The Company will in the meantime continue its efforts towards reaching an amicable solution with all its stakeholders. For further information, please contact: Emil Eriksrød, CEO emil.eriksrod@recreate.no +47 415 22 463
Click here for more information
© Oslo Bors ASA, source