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PRESS RELEASE
EQS-Adhoc: Branicks Group AG: Extension of terms of promissory note loans due in 2024 planned under preventive application of StaRUG procedure, postponement of 2023 consolidated financial statements publication
Branicks Group AG extends terms of promissory note loans due in 2024 under StaRUG procedure, postpones 2023 financial statements publication -
PRESS RELEASE
EQS-Adhoc: Branicks Group AG: Branicks Group AG: Agreement with lenders of bridge financing on provisional suspension of certain loan conditions and payment obligations
Branicks Group AG reaches agreement with lenders of bridge financing to suspend certain loan conditions and repayment obligations, paving the way for further negotiations on a sustainable new financing arrangement -
PRESS RELEASE
Branicks Group AG: Long-term lease signed with expanding themed restaurant operator at HELIO in Augsburg
Branicks Group AG signs long-term lease with expanding themed restaurant operator at HELIO in Augsburg, upgrading vicinity of Augsburg railway station. KoKoNo GmbH to open pan-European restaurant in early 2025. Branicks enhances operational portfolio business in a 1400 sqm unit inside the HELIO commercial building -
PRESS RELEASE
Branicks in negotiations to extend bridge financing and inviting promissory note holders to negotiations on extension of terms of promissory note loans maturing in2024–Targets for2023 largely achieved
Branicks Group AG is currently in negotiations to extend bridge financing and inviting promissory note holders to negotiate on the extension of terms of promissory note loans maturing in 2024. The management is focused on stabilizing the Group's financial position and pursuing debt relief, with no dividend planned for the 2023 financial year. Despite challenges, the company has largely achieved its annual targets for 2023 and is concentrating on implementing the 'Performance 2024' action plan to strengthen its liquidity and debt relief measures.
