Stoneway Capital has approval of CBCA plan pre-confirmation hearing

Chicago, May 4 – Stoneway Capital Ltd. has received approval in the Canadian court approving the Canada Business Corporations Act plan of arrangement, according to a filing with the U.S. Bankruptcy Court for the Southern District of New York.

Stoneway’s confirmation hearing in the United States is set for Thursday, as previously reported.

Stoneway is a privately held New Brunswick, Canada, company based in Buenos Aires and established in 2016 for the purpose of constructing, owning and operating power plants to provide electricity to the wholesale electricity market in Argentina through indirect subsidiaries. The company filed bankruptcy on April 7, 2021 under Chapter 11 case number 21-10646.

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