The garden chain Plantagen's reconstruction plan has been given the green light by Västmanland's district court, reports Dagens industri with reference to the trade magazine Market.
Plantagen's operations in Sweden and Norway have been in reconstruction since August, which according to the court decision is to cease in February.
During the reconstruction, Plantagen has closed eleven stores and negotiated rental agreements. According to the approved reconstruction plan, creditors will receive 25 percent of the debts Plantagen has, an amount to be paid by the listed owner Ratos.
