BOULOGNE-BILLANCOURT, France–(BUSINESS WIRE)–Regulatory News:
As announced on 19 May 2016, SoLocal Group (Paris:LOCAL) is actively
working on a plan to drastically reduce its financial debt. The company
has solicited the appointment of a mandataire ad hoc to assist
the company in the discussions it will have in this context. Maître
Frédéric Abitbol has been appointed by the Commercial Court of Nanterre.
This appointment will facilitate and allow to obtain a balanced
agreement as soon as practicable, taking into account the interests of
all stakeholders, including shareholders and creditors.
This appointment is an event of default under t…
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