Parent company in Ellos Group files for bankruptcy - Ellos Group operations not affected
Press release, Borås, 9 September 2024 · Ellos Group and its subsidiaries are not part of the Parent Company's bankruptcy and continue operations as before. Ellos Group AB (publ) (the "Parent Company") announced on 28 August 2024 that negotiations for a long-term financing solution were ongoing with an ad-hoc group of bondholders ("AHG") and that a process to change the ownership of the subsidiary Ellos Group Nordic AB (publ) ("Ellos Group") was initiated. AHG has now announced that AHG does not intend to enforce the pledge outside of bankruptcy pursuant to the share pledge