There has been talk in various media lately about the corporate restructuring/bankruptcy filings of the Järvisydän Group.
In today’s local newspaper, the administrator mentioned that there is a significant amount of debt and the creditor is Multitude Bank. A quick check of Multitude’s website shows a “reference” for over 20 million in financing for a tourism company located in South Savo.
I haven’t followed Multitude that closely, but this will likely have some impact on the company’s finances if write-downs have to be made—and they probably will be if the corporate restructuring goes through.