GOTHENBURG, Sweden, March 17, 2004 (PRIMEZONE) -- Bure's portfolio company, Informator Training Group (ITG), has filed a petition to have its German subsidiary, Prokoda, declared bankrupt. The bankruptcy will not make a significant financial impact on Bure.
The petition for bankruptcy was filed after a period of intensive work on a rescue plan. The rescue plan meant that the company's management and employees would be given the opportunity to become partners in the company. The rescue plan did not get sufficient support from the management and the employees, which is why the company has now filed a petition for bankruptcy.
Prokoda has around 80 employees and reports sales of just under SEK 90M.
ITG's Swedish subsidiary, Informator Utbildning Svenska AB, is not affected by the bankruptcy.
Gothenburg, 17 March 2004
Bure Equity AB (publ)
For further information, please contact: Per Grunewald, Senior Investment Manager +46 705-82 19 59 Irene Axelsson, Head of Corporate Communications +46 31-708 64 47, 0706- 32 81 83
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