Written by Daniela Soares Ferreira and Sonia Perez Pinto
Groundforce creditors will face millions in debt if TAPs insolvency application proceeds. The airline is a major shareholder, with overdue debts of around 16.4 million on June 30. ANA (12.8 million euros), Prosegor (177 thousand euros), Iberlin (140 thousand euros), UCS (125 thousand euros), Klimex (126 thousand euros), MEO (52 thousand euros) and Jorist (49 thousand euros). Montepio can also be left empty-handed. As Nascer do SOL advances, the financial institution has hired a financial intermediary China Investment Bank Bison Bank (which has obtained the Banif Banking License Banco de Investimento) to sell the shares it holds in Groundforce, freeing up the Credit Recovery De…
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