All subsidiary agricultural companies of Agrowill Group, AB successfully fulfill their obligations of restructuring plans and today provide final remaining payments to the creditors - 85 percent of creditors' amount


All subsidiary agricultural companies of Agrowill Group (ŽŪB „Agrowill Alanta“, ŽŪB „Agrowill Smilgiai“, ŽŪB „Agrowill Mantviliškis“, ŽŪB „Agrowill Lankesa“, ŽŪB „Agrowill Dumšiškės“, ŽŪB „Agrowill Jurbarkai“, ŽŪB „Agrowill Eimučiai“, ŽŪB „Agrowill Žadžiūnai“, ŽŪB „Agrowill Nausodė“, ŽŪB „Agrowill Želsvelė“) today finish their settlement with creditors under restructuring procedures.

Creditors of these agricultural companies today receive the remaining - 85 percent of their creditor‘s amount - EUR 1.56 million according to the restructuring plans.

15 percent of their claims creditors of these agricultural companies already received in December, 2014.

After final settlement with the creditors in accordance with law the subsidiary agricultural companies will apply to the courts for the completion of the process of restructuring.

Agrowill Group, AB  notes that settlements with creditors of  the parent company  and the subsidiary companies  were carried out exactly as envisaged in the restructuring plan of each company.

Thus, all subsidiary agricultural companies of Agrowill Group finished their settlement with creditors under restructuring procedures.

 

 

 

         Vladas Bagavičius
         Member of the Board
         Tel. +370 5 2335340