PlusPlus Capital Receives Court Approval for Reorganization

The Luxembourg District Court has approved the reorganization plan for PlusPlus Capital Financial S.à r.l., binding for all bondholders. This follows a bondholders' meeting where 94% of votes, representing over EUR 58 million, supported the plan.

The approval is a significant step for PlusPlus Capital, a pan-Baltic and Finnish receivables management group. Payments under the plan will commence following the approval of the Estonian parent company’s reorganization plan.

Kaarel Raik, Member of the Management Board, expressed confidence in the path chosen, aiming to protect the interests of all stakeholders and place PlusPlus Capital Financial on a sustainable financial footing.

PlusPlus Capital will update bondholders on the next steps in due course, ensuring transparent communication throughout the process.