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Nova Austral avoids liquidation as bondholders finally back restructure

The restructuring sees 40% of the shares in the Chilean salmon farmer transferred to one set of lenders and 60% to 'backstop creditors'; 100% owner Altor Equity Partners exits the firm

By Neil Ramsden | Jan. 18, 2024 11:00 GMT
Credit: Nova Austral
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Bondholders of beleaguered Chilean salmon farmer Nova Austral finally backed a restructuring plan on Jan. 17, avoiding a liquidation process. [...]

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