J&T group is allegedly offering Arca Capital creditors 30%

14.09.2020

J&T group is considering a partial buyout of Arca Capital bills and bonds held by retail investors. It will allegedly offer 30% of face value now and possibly more in the future, depending on the recovery of Arca’s businesses. It is also considering taking over the group’s management, pouring money into key assets and projects, increasing their value. J&T is among Arca Capital’s largest creditors and holds a lien on key assets, unlike retail investors, many of whom are also J&T clients. Arca Capital’s founder, Pavol Krúpa, welcomes J&T’s initiative. Arca Capital’s debts amount to around €1bn and the value of assets is questionable.

 

(e15.cz)

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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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