tiprankstipranks
Trending News
More News >

Sivota Plc Subsidiary Faces Bankruptcy

Sivota Plc Subsidiary Faces Bankruptcy

Sivota Plc (GB:SIV) has released an update.

Confident Investing Starts Here:

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.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1