The creditors of satellite TV services provider DTH TelevisionGrup (Boom TV), which became insolvent in mid this year, failed toreach an agreement on the strategy to sell the company's assets,representatives of Casa de Insolvenţă Transilvania (CITR)insolvency firm, the company in charge of the operator'sreorganisation, told ZF.
"The Creditors' Meeting was held on December 15th, when thejudicial administrator presented the strategy for selling thecompany's assets. Creditors' representatives said they would comeup with a written point of view on the strategy," Andreea Anghelof,senior partner of Casa de Insolvenţă Transilvania, told ZF. Saleplans cannot be made public until the creditors' consent issecured, she added.
One of Boom's biggest creditors is UniCredit Ţiriac Bank, whichgranted the operator an 18.5 million-euro loan in 2008. The companyalso received a loan from its shareholders. "No sale of assets ispossible without consent of 50% of creditors," said therepresentative of Casa de Insolvenţă Transilvania. None of thecompany's creditors held 50%, so several creditors needed to reachan agreement, said Anghelof, adding that Boom's overall debtamounted to around 80 million euros.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
