CLOSE

Ruric bondholders vote against acqusition of fontanka 57

31 May 2012

The proposed transaction in its current form in which Ruric would acquire Scorpio’s share in Fontanka 57 was stopped by the Bondholders.

On 14th March Ruric announced an agreement with Scorpio to buy their share in the project company for Fontanka 57 for almost SEK 88 mln (see press release dated 14th March 2012 at www.ruric.com for further details). This agreement was conditional on approval by the respective companies’ board of directors and bondholders. In a first voting procedure all votes were counted on April 20th and the bondholders found to have voted against the transaction.

A new voting procedure was initiated on May 7th, and all votes counted yesterday, 29th May. The bondholders again voted against the transaction.

Read the press release.
For more information please contact Anna Litewka or Martin Gorne.

Our services

Corporate Client Services

Operating internationally can be challenging. You need a partner who understands local rules, culture and customs and how they affect legal and regulatory requirements. That’s where we come in.

Can't find what you're looking for?

View all corporate client services

Private Capital & Hedge Funds Services

We differentiate our global leading fund services through our geographical spread, domain strength, technology offering and depth of services.

Can't find what you're looking for?

View all private capital & hedge fund services

Capital Markets

As capital markets evolve across the globe, you need a bespoke approach from a service provider with a genuine understanding of how markets are changing.

Can't find what you're looking for?

View all capital markets services

Private Wealth

By understanding the importance of long-term relationships built around trust, we aim to truly understand your values. We’re your partner to help you protect, preserve and plan for the future.

Can't find what you're looking for?

View all private wealth services