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Plc Uutechnic Group announces payment of subordinated loan.

NORDIC BUSINESS REPORT-May 21, 2019-Plc Uutechnic Group announces payment of subordinated loan

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Plc Uutechnic Group Oyj (HEL:UUTEC) announced on Monday that on 20 May 2019, it has paid a subordinated loan, maturing on 31 December 2019 and totalling EUR1.0m.

This loan was related to the financing arrangement in 2015.

After this payment, the company stated that it has no subordinated loan liabilities.

Uutechnic Group Plc OYJ offers technology and consulting services to the process industry in the areas of paper making technology and process machinery. Its product range includes agitators, different types of long welded and machined axially symmetrical parts as rolls, cylinders, tubes and cones.

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Publication:Nordic Business Report
Date:May 21, 2019
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