Atento enters into a restructuring support agreement with certain key financial stakeholders to obtain support for a comprehensive balance sheet restructuring Atento continues to work with additional financial stakeholders to achieve a consensual deal NEW YORK, July 3, 2023 /PRNewswire/ — Atento S.A. (NYSE: ATTO, “Atento” or the “Company”), one of the world’s largest customer relationship management…
June 30 (Reuters) – Internet company Yandex (YNDX.O) on Friday said it was making changes to its financial team in preparation for a potential corporate restructuring that should see it divest ownership and control of core, Russia-based businesses. Sources told Reuters last month that shareholders in Yandex’s holding company, many of whom are Western investment…
Internet company Yandex on Friday said it was making changes to its financial team in preparation for a potential corporate restructuring that should see it divest ownership and control of core, Russia-based businesses. Sources told Reuters last month that shareholders in Yandex’s holding company, many of whom are Western investment funds, could be in line…
(Adds detail in paragraph 2, 7) June 30 (Reuters) – Internet company Yandex on Friday said it was making changes to its financial team in preparation for a potential corporate restructuring that should see it divest ownership and control of core, Russia-based businesses. Sources told Reuters last month that shareholders in Yandex’s holding company, many…
Adds detail in paragraph 2, 7 June 30 (Reuters) – Internet company Yandex YNDX.O on Friday said it was making changes to its financial team in preparation for a potential corporate restructuring that should see it divest ownership and control of core, Russia-based businesses. Sources told Reuters last month that shareholders in Yandex’s holding company,…
COLOMBO, June 30 (Xinhua) — Sri Lankan President Ranil Wickremesinghe has urged the business leaders of the country to educate their employees on the government’s domestic debt optimization program, the President’s Media Division (PMD) said on Friday. The PMD said in a statement that the president addressed the members of the chambers, business leaders, and…
QIWI Provides Update on Corporate Restructuring NICOSIA, CYPRUS – June 30, 2023 – QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), a leading provider of cutting-edge payment and financial services in Russia and the CIS, today commented on the status of its corporate restructuring plan (“Plan”). According to the Plan, the Company contemplated…
To facilitate decision making, RSM Ireland work with business leaders and management to formulate objectives that provide direction and purpose, writes Paddy OConnell, head of Restructuring Advisory. Having survived Covid and following the withdrawal of government support measures, companies must now deal with inflationary cost pressures, rising interest rates, continuing supply chain issues, and labour…
Powerhouse Energy Group PLC (AIM:PHE) said the corporate restructuring it undertook in 2002 will lead to a stronger business heading into the future. During the year, Powerhouse switched from a model of licensing its technology to third-party developers to fixed annual licence fees. The company also recently took full control of its flagship Protos plastics…
Amid Restructuring, Canopy Takes $2.5 Billion Net Loss, But Sees Path To Profitability June 27, 2023 Ontario-based cannabis producer Canopy Growth saw sales decline 21% to C$403 million ($306m) in its fiscal year through March, with adjusted EBITDA registering a loss of C$350 million ($266m). The companys total net loss for the year came to…