The agreement which Eignarhaldsfélagið Farice ehf. and its creditors entered into in December 2009 has been extended until next 1 april. The agreement entails as before that for the duration of the agreement the company has the opportunity to pay or negotiate due payments. Eignarhaldsfélagið Farice ehf. has been working on a financial restructuring of the company in cooperation with the company's creditors and other stakeholders and assisted by consultants. Farice hf a subsidiary of Eignarhaldsfélagið Farice ehf has also made an agreement with its major creditors and other stakeholders to pay or negotiate due payments until next 1 april.
Financial restructuring of Eignarhaldsfélagið Farice ehf. and subsidiary Farice hf.
| Source: Farice ehf.