04/2010 –

Successful restructuring, safeguard closes and trading resumes

On April 7, 2010 the Commercial Court of Cannes approved the Safeguard plans presented by Rodriguez Group, closing the Safeguard period initiated a year ago (see our article).

During such period, Rodriguez Group implemented an important restructuring plan that showed to be necessary due to the strong deterioration in the luxury yachting market and the financial crisis that appeared during the second half-year 2008.

The approval of the Safeguard plans establishes the restructuring of the Group and puts an end to the Safeguard period.

The trading of Rodriguez stock (ROD) started yesterday (April the 7th) after one year off, this come back has seen a 116% progression of the stock (at 5,27€), today the value is around 8,50 (+30%). We are still far from the days where the stock was at 80€ but who knows…

The range of Rodriguez on NauticNews.com

Tags on NauticNews.com: Rodriguez – Mega Yachts

– PR –