Mevgal to be model for new corporate restructuring system

Mevgal to be model for new corporate restructuring system

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Greek banks appear to have found a way to restructure dairy company Mevgal, which is currently unable to repay its large loans, and to possibly help the northern Greek firm to survive. Mevgal’s management will be taken on by two investment funds that could be awarded a performance-related bonus, while the company’s existing loans will be granted an extension.

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