Floatel International: Update on Financial situation and discussion with stakeholders

Floatel International: Update on Financial situation and discussion with stakeholders

Business Plan Review

The Company continues to engage in constructive discussions with its key stakeholders on terms for a financial restructuring. In order to further progress this process the Company has, for the benefit of its stakeholders, determined to conduct an independent review of the Company business plan which would include a review and update, if required, of the assumptions made in assessing the valuation-in-use of our vessels.

For further information, please contact:
Peter Jacobsson, CEO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18
Tomas Hjelmstierna, CFO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01