BBS-Bioactive Bone Substitutes Plc - Insider information: BBS-Bioactive Bone Substitutes Plc Files for Bankruptcy
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BBS-Bioactive Bone Substitutes Plc - Insider information: BBS-Bioactive Bone Substitutes Plc Files for Bankruptcy

BBS-Bioactive Bone Substitutes Plc | Company Release | February 12, 2025 at 17:00:00 EET

BBS-Bioactive Bone Substitutes Plc - Insider information: BBS-Bioactive Bone Substitutes Plc Files for Bankruptcy

The Board of Directors of BBS-Bioactive Bone Substitutes Plc has resolved that the Company will be filing for bankruptcy in the Oulu District Court. The company’s loan negotiations have ended without a positive result, which will prevent the Company from securing the necessary short-term liquidity to continue its’ operations.

“Despite extensive efforts to find a viable financial and operational solution, the Board of Directors has determined that the company cannot continue as a going concern”, comments the chairman of the board of directors Pekka Jalovaara.

The Oulu District Court will appoint a bankruptcy trustee to oversee the proceedings.

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