The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64.20 - Activities Of Holding Companies
113 jobs Number of planned job losses
Announcement Date
5 September 2023
Employment effect (start)
17 October 2023
Foreseen end date
Description
Swedish holding company Visionalis has filed for bankruptcy at its own request and its 100 employees are likely to lose their job. The reason for the bankruptcy is a debt that could not be paid off to another company, leading to a lack of liquidity.
Visionalis partly owns a number of other companies, including the customer loyalty company Awardits and a couple of hotels. According to the receiver, the bankruptcy of Visionalis does not affect the activities of the underlying companies.
Visionalis is a Swedish holding company which owns and manages shares, financial instruments and related activities, employing over 100 people. The final effect on employees has not yet been confirmed.
Eurofound (2023), Visionalis, Bankruptcy in Sweden, factsheet number 200303, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/200303.
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