Pluri Chairman Weinstein agrees to acquire company's EIB loan
PLUR•Pluri Chairman and largest shareholder Alejandro Weinstein has agreed to acquire the company's European Investment Bank loan. The loan will remain outstanding, and the parties plan to negotiate revised terms and a proposed long-term debt resolution plan.
1. Loan transfer
Upon completion, Weinstein will replace the European Investment Bank as lender, with no repayment obligations to the bank. The parties intend to negotiate revised loan terms within a reasonable period and develop a proposed long-term debt resolution plan.
