Plantagen reaches important milestone in reconstruction process

On August 22, reconstruction processes for Plantagen in Norway and Sweden were initiated. Today it is announced that the companies involved have taken the next step in their processes and submitted proposals for debt settlements to creditors in Norway for voting, and will request a plan negotiation in Västmanlands District Court in Sweden. The proposals are well-received by creditors and restructurists, with good prospects for final approval by creditors and approval by the respective courts.