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Cash flow difficulties and suspension of Gascogne SA quotation

St-Paul-lès-Dax, 10 July 2012PRESS RELEASE In a press release dated March 27, Gascogne SA stated that losses in 2011 had led the company to renegotiate its syndicated loan with the bank pool. In line with IFRS standards, on 31 December 2011, the amount outstanding was classified as short-term debt. In this context, as announced last February, the Group has started discussions with all of its bank partners in order to ensure that means of funding operations and development are made... Lire la suite ›

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