Auga Group AB has announced a significant update in its ongoing restructuring process. Initially unable to meet the deadline for submitting a final restructuring plan by May 19th, 2025, the company sought an extension under the Lithuanian Law on the Insolvency of Legal Entities. The Lithuanian Court of Appeal has now granted this extension, allowing Auga Group until July 19th, 2025, to submit its restructuring plan for court approval. This plan will outline various measures designed to address the company's financial challenges and will be presented to creditors, shareholders, and other stakeholders as per legal requirements and court rulings.
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