Accentro - comment
The much-awaited simplification of Accentro’s holding structure is unfolding as Shinhan AIM, the original lender to Brookline, and Nox Capital (a German Real Estate fund), enforce against Brookline's 75% pledge on Accentro’s shares and mount a public bid for the remaining 25%. The potential takeover has the carrot of €50m in fresh equity, in return for bondholders waiving any Change of Control. The additional capital could be enough to see Accentro through.