Gent Holding in simplified restructuring
Gent Holding, a real estate investment company, decided to simplify the restructuring process.
It is to cover 9 companies from the Group: Gent Holding, Equal Real Estate, Do Studzienki 40-42, Do Studzienki 67, Szkolna 7, Wzgórze Paderewskiego 12, Gent Fund, Equal Capital and Value Investments. It is not known what the debt of the restructured entities is. Liabilities of all companies in the Group, which includes as many as 26 entities, may reach at least PLN 100 million.
Restructuring is to restore financial liquidity to companies and to fully satisfy creditors’ claims. According to the statement of the president of the entities undergoing restructuring, the Group’s troubles result mainly from the pandemic. The statement of the Office of Competition and Consumer Protection also contributed to this. At the end of 2019, the Office notified the prosecutor’s office about possible violations by companies from the Gent Holding Group.
The companies that are part of it financed their investments with money that they obtained from investors by selling bonds, loans or selling premises or plots of land in investments. However, they did not keep to their schedules.
The financial problems of the Gent Holding Group date back to the turn of 2019 and 2020.