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PrimaCom secures long-term future
By Robert Briel
Published: July 5, 2010 15.23 Europe/London
The PrimaCom Group said it has successfully completed the first phase of restructuring of the company to secure it’s long-term future.
Today, Monday Juky 5th, the shareholders’ rights to the PrimaCom Group were transferred to Medfort S.àr.l. This company is a financial holding owned by private investors and independent of the creditors and the former majority shareholders,. With this step, the first phase of the restructuring is over. The team led by Sebastian Freitag has managed to complete the demanding task early than expected, according to a press release.
Michael Dorn, speaking on behalf of the PrimaCom Group, said in a statement: “The rapid achievement for our company is of great importance and a success for all stakeholders. This ecures not only the survival of the PrimaCom group for teh long term. More importantly, we have sufficient investment resources available for the further expansion of our networks, to develop new products and for a successful growth market.”
Dr. Hans Peter Leube, Managing Director, concluded: “This is for the PrimaCom group this is an excellent development – Michael Dorn and I thank our many employees, that have contributed behind the scenes. We are confident that we will now complete the implementation of the second step of the restructuring expeditiously with all stakeholders.
By Robert Briel
Published: July 5, 2010 15.23 Europe/London
The PrimaCom Group said it has successfully completed the first phase of restructuring of the company to secure it’s long-term future.
Today, Monday Juky 5th, the shareholders’ rights to the PrimaCom Group were transferred to Medfort S.àr.l. This company is a financial holding owned by private investors and independent of the creditors and the former majority shareholders,. With this step, the first phase of the restructuring is over. The team led by Sebastian Freitag has managed to complete the demanding task early than expected, according to a press release.
Michael Dorn, speaking on behalf of the PrimaCom Group, said in a statement: “The rapid achievement for our company is of great importance and a success for all stakeholders. This ecures not only the survival of the PrimaCom group for teh long term. More importantly, we have sufficient investment resources available for the further expansion of our networks, to develop new products and for a successful growth market.”
Dr. Hans Peter Leube, Managing Director, concluded: “This is for the PrimaCom group this is an excellent development – Michael Dorn and I thank our many employees, that have contributed behind the scenes. We are confident that we will now complete the implementation of the second step of the restructuring expeditiously with all stakeholders.