Oscar Properties Declared Bankrupt
The real estate company Oscar Properties has been declared bankrupt. The reason is a tax debt of nearly five million kronor.
BusinessThe real estate company Oscar Properties has been declared bankrupt. The reason is a tax debt of nearly five million kronor.
BusinessOscar Properties Holding has, after an agreement with creditors, avoided bankruptcy. "Now we have got a little breathing room", writes the crisis-stricken property company's CEO Richard Bagge in a comment.
BusinessThe crisis-stricken real estate company Oscar Properties' application for reconstruction was rejected by the Stockholm District Court on Wednesday, reports Dagens industri. "They have achieved their goal", says CEO Richard Bagge about a housing association that has requested the company's bankruptcy.
BusinessThe Stockholm stock exchange fell slightly on Thursday. The OMXS index fell by 0.2 percent. Among the index heavyweights, the clothing chain H&M plummeted after a weak interim report.
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