restructuring plan
Coverage of restructuring plan in the Nexus archive.
- Tunisia Blocks Tunisair Sale While Drip-Feeding State Support
The Tunisian state owns 74% of Tunisair and has blocked its sale, treating it as a strategic public asset. The airline faces alarming debt and chronic deficits, prompting a restructuring plan that includes 1,200 job cuts and a TND 150 bond issue.
- Volkswagen stock is sinking to its lowest level in more than 15 years
Volkswagen stock is at its lowest level in over 15 years, with shares falling nearly 2% in Frankfurt trading following reports of a larger-than-expected restructuring plan.
- Former WH Smith’s small suppliers to lose at least half of debts in rescue plan
Small suppliers including Help for Heroes will lose at least half of debts owed by the former WH Smith high street chain, now rebranded as TG Jones. The restructuring plan requires creditor approval to avoid administration, with Modella Capital having acquired the company last year.
- ENN Natural Gas Ditches Restructuring Plan, $12 Billion Buyout
ENN Natural Gas has abandoned its restructuring plan and is proceeding with a $12 billion buyout. The decision marks a shift in the company's strategic direction.