Artumas needs cash for power lifeline

Issue 161 - 25 Apr 2009 | 2 minute read

Oslo Börs-listed Artumas Group has retained DnB NOR Markets to help it work out ways to resolve its short-term financing problems (AE 159/4). Some $10m of convertible bonds fall due in June, and the Canadian company concedes that meeting the payments will pose a challenge in the present environment. The Oslo-based bank, part of Norway’s largest financial services group,

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