Danish pension plan PKA hits the brake and fully takes over tyre recycler Genan

Retroactive revision of valuations in Danish firms’ annual accounts

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(DK) – Danish pension plan PKA hopes to reach agreement with lending banks by the end of September 2014 on a financing solution for the scrap tyre recycler Genan. The fund, which previously owned a stake of 48 per cent in the company, acquired all of the remaining shares in Genan in mid-August in order to ensure the ...

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