Wed 04/12/2023 11:08 AM
Hilding Anders is in the process of selling its stake in its Russian joint venture Askona back to minority shareholder Vladimir Sedov. The Sweden-based mattress group is also looking to raise a €20 million super senior facility to bolster liquidity, which will be repaid from the proceeds of the disposal, sources said.
Following the group’s balance sheet
restructuring in September last year, Hilding’s stake in Askona was held via Halecroft Ltd., a holding company incorporated in Cyprus and...
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