ConvEx acted as IFA to provide an opinion that no adjustment to the conversion price was required as a result of FCC’s issue of warrants with floating strike to certain of its creditors in the context of a c.€4.5bn debt restructuring.

ConvEx acted as IFA to determine the fair and reasonable adjustments to be made to the conditions of the bonds to take account of the issue of SEK 3.5 billion of preference shares by SAS.