Clearway Capital Urges GZO to Accept Infracore's Offer

Clearway Capital Partners ICAV, a creditor of GZO AG Spital Wetzikon, has urged the GZO board to expedite implementing Infracore SA's offer. Infracore has committed to provide a CHF 70 million cash offer for GZO’s assets if the current plan fails. Clearway is pushing for creditors to reject GZO’s proposal and to consider Infracore’s offer, which would potentially offer greater returns.

Infracore’s bid ensures creditors would receive about 65% of claims in cash, as opposed to GZO’s plan offering 45.7% with delayed payments. The board has until December 19 to make a decision, with Clearway advocating for swift action to prevent a Konkurs situation.

If the board fails to act, Clearway suggests GZO may face a compulsory sale to creditors. Time is essential, and Clearway urges all creditors to remain steadfast against current proposals to secure better outcomes.