The agreement which Eignarhaldsfélagið Farice ehf. and its creditors entered into in December 2009 has been extended until next 20 april. The agreement entails as before that for the duration of the agreement the company has the opportunity to pay or negotiate due payments. Eignarhaldsfélagið Farice ehf. has been working on a financial restructuring of the company in cooperation with the company's creditors and other stakeholders and assisted by consultants. Farice hf a subsidiary of Eignarhaldsfélagið Farice ehf has also made an agreement with its major creditors and other stakeholders to pay or negotiate due payments until next 20 april.
Financial restructuring of Eignarhaldsfélagið Farice ehf. and subsidiary Farice hf.
| Source: Farice ehf.