Dovre Group Plc required to pay guarantee liability – the company is insolvent

Dovre Group Plc (“Dovre”) has today received a payment demand of EUR 5.5 million from Nordic Guarantee Insurance Ltd, Finnish Branch under a guarantee facility agreement. The payment demand falls due on 12 January 2026.
 
The payment demand is based on a performance bond granted to Alight Ukko Oy.

Dovre is unable to pay the demand. Dovre is examining the possibility of applying for corporate restructuring proceedings due to the threatened insolvency.