9fin’s new newsletter, Winding Up, will incorporate summaries and commentary from 9fin’s European distressed coverage for the past week.

Multiple major developments for stressed and distressed European companies this week created massive trading volatility across names — almost alphabetically — including French software company Atos, global packaging company Ardagh Group, and French telecom giant Altice France — as well as Swedish debt collector Intrum, Grifols and Solocal. Planned asset sales fell through, management teams made public comments that creditors wouldn’t be prioritised with proceeds from previous asset sales, and a flood of financial and legal advisor appointments were announced or reported.