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They are saved by new owners and a quarter of a billion

» Updated: 07 October 2024, 01:55

» Published: 24 September 2024

They are saved by new owners and a quarter of a billion
Photo: Tim Aro/TT

Crisis-ridden Ellos is saved by new owners who inject a quarter of a billion kronor, reports Borås Tidning.

The e-commerce group's parent company Ellos Group AB filed for bankruptcy with the Borås District Court two weeks ago. On Tuesday, it was announced that the bankruptcy estate is being bought by the company's bondholders and that 250 million kronor is being released.

"All business within New Ellos Group will continue as usual", it states in a press release.

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By TTThis article has been altered and translated by Sweden Herald

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