Two courts have approved the bankruptcy reorganization plans filed by Montreal-based Quebecor World Inc.
The sanction of the Canadian Plan by the Quebec Superior Court and confirmation of the U.S. Plan by the U.S. Bankruptcy Court follow their respective approvals by the creditors of Quebecor World on June 22. Quebecor World anticipates the consummation of the plans to occur in mid-July 2009.
“We are very pleased that our U.S. and Canadian Plans have been approved by the U.S. Bankruptcy Court and the Quebec Superior Court. This is a major milestone in successfully restructuring our Company to benefit all stakeholders,” said Jacques Mallette, Quebecor World
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