date:Jan 21, 2014
ement commitment to draw a new general framework for the path the cooperative will be taking over the coming years.
A new chairman will be chosen once that task has been completed.
Spanish newspaper El Pais reported last Thursday that Eroski proposed that 30,000 holders of its 660 million debt accept a haircut of 30% of the nominal value of their holdings and to swap these for a new issue of 12-year bonds and the offer of the repayment of 15% of their investment.
Spanish financial news websit