EROSKI’S General Assembly authorizes the issue of bonds as a financing instrument
Top decision-making body of the cooperative
The issue will be for a maximum amount of €600 million and the resources obtained will be allocated to complying with the obligations undertaken within the framework of the current refinancing agreement
The assembly held this afternoon brings to an end an extensive prior participation process of EROSKI’s Worker Members and Consumer Members comprising more than 15 information sessions
EROSKI held this afternoon in Elorrio an Extraordinary General Assembly to which 500 members representing their Worker Members and Consumer Members had been convened, with the aim of submitting to approval the Governing Council’s proposal to issue bonds as a financing instrument that contributes to complying with the obligations undertaken within the current financial framework.
The top decision-making body of the cooperative authorized the proposal to issue an instrument, exclusively aimed at institutional holders, for a maximum amount of 600 million Euros.
Extensive prior participation process
The Extraordinary General Assembly held this afternoon was preceded by an extensive participation process of EROSKI’s Worker Members and Consumer Members. This process comprised 15 information sessions, called preparatory meetings, both in person and online, which culminated today with the consultation of the assembly of delegates on the issue of bonds as a financing instrument.
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