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  2. The Sos group restructuring the composition of its Board after refinancing its debt   (30/12/2010)

This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El Grupo Sos reestructura la composición de su consejo después de refinanciar su deuda

The Sos group restructuring the composition of its Board after refinancing its debt

December 30, 2010

Sos Alimentary Corporation has made public that subscribes with his financial entities the agreement of financials initiated in July, cunpliéndose the planned dates in the agreed calendar by the Board of directors to reach the financial stabilisation of the Group. In consequence, Vicente and Eduardo Sos have caused drop in the Council to facilitate the incorporation of the representatives of Ebrofoods, the next month of January. The President of the Council appreciated to the members of the same his vision, dedication and delivery along the last 18 months as well as to the shareholders referents of the company, the financial entities linked, by his confidence and support, máxime considering the complexity of the economic and financial surroundings, without which would not have been possible to reach the referred agreements in time and form. The incorporation to the maximum organ of government of the representatives of Ebrofoods, industrial partner of reference, will suppose an important reforzamiento of the Council to define and orient the strategy of the Group, whose main business is the oil of Oliva. 

After the financial stabilisation obtained as well as the incorporation to the shareholders and to the organs of government of the main Spanish multinational of feeding, the Group Sos finds in disposal to  develop all his potential in an upward sector like the one of the olive oil.

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