Sivota Plc (GB:SIV) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Sivota Plc has announced that its Israeli subsidiary, Apester Limited, is filing for bankruptcy following a significant decline in trading performance. Sivota, which holds a majority stake in Apester, expects to write down the entire value of this investment as the subsidiary’s financial troubles have rendered it incapable of continuing operations. The company is awaiting a bankruptcy hearing in Tel Aviv and anticipates that any recovery from Apester will be immaterial.
For further insights into GB:SIV stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue