The Louis Group shareholders unanimously approved the framework of the restructuring plan relating to the borrowings of Louis Cruises with DVB Bank and other Banks.
The decision came after an extraordinary general meeting in which the main parameters of the restructuring agreement were presented and explained to the shareholders.
Furthermore, they authorised the board of directors to finalise the relevant negotiations. Once the negotiations are complete and the final agreement is signed, the company will make a relevant announcement.
According to unofficial reports DVB Bank could participate with a 49% in the restructured company.
Louis Cruises owns and operates 5 cruise ships.
Source: InCyprus
