Vítkovice Power Engineering files for reorganization bankruptcy in the hope of retaining control over insolvency … – Radio Prague

Vítkovice Power Engineering, one of the key daughter companies of the engineering conglomerate Vítkovice, has filed for reorganization bankruptcy. The company reportedly owes close to two billion crowns to over 700 creditors. The regional court in Ostrava, which was due to deal with a proposal for bankruptcy against the firm by one of its biggest…

Fortis Healthcare Board Approves Business Restructuring – BloombergQuint

Fortis Healthcare Ltd.s board approved a multi-step business restructuring plan that would establish distinct diagnostics and hospital businesses. Fortis Healthcare will demerge its diagnostic business, which includes SRL Ltd., into Fortis Malar Hospitals Ltd., the company said in a press release. Shareholders of Fortis Healthcare will get 0.98 equity shares of Fortis Malar for every…