Wind

Ailing Theolia buys lifeline with restructuring deal Photograph: Theolia

Ailing Theolia buys lifeline with restructuring deal

Debt-plagued French wind developer Theolia has struck a restructuring deal with its creditors and unveiled plans to raise €100m ($144m) in capital, allowing it to escape bankruptcy for the time being.

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Karl-Erik Stromsta

Published: Tuesday, December 29 2009 | Last updated: Wednesday, December 30 2009

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