WeSC has reached an agreement regarding the company's long-term debts and plans a rights issue
Stockholm, Sweden, February 23, 2018 WeSC AB (publ) (“WeSC”) has reached an agreement with the largest creditor regarding its long-term debts whereby the company acquires interest-bearing debts constituting slightly more than 80 percent of the subsidiary We International AB´s total debt. The subsidiary conducts distributing business and initiated a company reorganization at the end of 2017. The agreement gives WeSC the opportunity to further clear the balance sheet of the WeSC Group which opens for future prospects and the potential for all of the group companies. By the agreement the