Ratos AB: GS-Hydro Holding Oy and its subsidiary GS-Hydro Oy file for bankruptcy
Press release 21 September 2017 Ratos's Finnish subsidiary GS-Hydro Holding Oy and its subsidiary GS-Hydro Oy have filed for bankruptcy today at the District Court of Kanta-Häme following consultation with Ratos and GS-Hydro's lenders. The Board of Directors of Ratos's Finnish subsidiary GS-Hydro Holding Oy and its subsidiary GS-Hydro Oy have resolved yesterday evening to initiate bankruptcy proceedings and have filed for bankruptcy at the District Court of Kanta-Häme today. The GS-Hydro Group has experienced liquidity and profitability problems for some time, and these became