As previously communicated, the board of directors in Hotel Fast SSE AB (publ) (the “Company”) is exploring strategic alternatives for the Company, in order to maximize the value of the Group’s assets for the Company's shareholders. Since 31 January 2025, the Company has failed to make payments of due interest and amortizations totaling MSEK 4 to its creditors. One alternative currently being considered is the disposal of assets, in whole or in part, held by the group.
In connection with a sale of all or a part of the group’s assets, the group’s debt situation must be handled. The board of directors is currently negotiating the conditions for a transaction including significant parts of the group’s operations with potential suitors and the group’s major creditors. The negotiations are ongoing but there are no guarantees that a strategic transaction or a negotiation with its major creditors can be carried out on acceptable terms for the Company, which could have a negative effect on the Company’s ability to continue its operations.