Profil:
Rafako SARafako's management intends to file for company's bankruptcy
Listed engineering firm Rafako's management board intends to file for the company's bankruptcy due to the loss of its ability to perform its due obligations, the company stated in a market filing.
"In the opinion of the issuer's management, the adoption of the above resolution is, under the current circumstances, the only possible solution to protect, to the fullest extent possible, the legitimate interests of both the issuer and all its stakeholders, in particular its creditors, shareholders and employees," they wrote.
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