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An Estonian company that owns a car rental business is mired in debt.

Эстонская компания, владеющая бизнесом по аренде автомобилей, увязла в долгах

The Estonian company Inclusion OÜ, which owns a car rental business in South Africa, sent a letter to investors in which it reported financial difficulties and the suspension of scheduled payments of interest and principal on loans, Delovye Vedomosti reported. Empty wallet. Empty wallet. Photo: Emil Kalibradov/ Unsplash

The Estonian company Inclusion OÜ, which owns a car rental business in South Africa, sent a letter to investors in which it reported financial difficulties and the suspension of scheduled payments of interest and principal on loans, Delovye Vedomosti reported .

Company board member Eerik Oja promised that both the management of Inclusion and the board of directors of parent company P42 UK Ltd will do everything possible to resolve the suddenly unstable financial situation in the best way for investors and clients: “We hope for understanding, we will try within two weeks , no later than August 15, to inform you about further steps that will help restore the financial stability of the company.”

According to him, the company is working on several scenarios.

Most recently, Planet42 managed to raise 15 million euros from the largest bank in Africa, Standard Bank Group.

Read more on dv.ee.

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