|
|||
2008-11-13 16:53:33 CET 2008-11-13 16:54:33 CET REGULATED INFORMATION Milestone ehf. - Company Announcement- Fall of the Icelandic Banking Sector - Impact on MilestoneThe fall of the Icelandic banking sector and the international financial crisis have impacted the balance sheet and operations of Milestone. The depreciation of the Icelandic krona has affected the debt level of Milestone in an adverse manner and asset price development has not been positive. The company is currently in negotiations with New Glitnir Bank hf. regarding financial restructuring of Milestone in the aim of safeguarding the interest of Milestone‘s creditors. Further information Guðmundur Olason, CEO Milestone ehf. Tel: + 354 414 1800 |
|||
|