March 11 (Reuters) - Fastator AB (publ):

* DUE TO BREACH OF FINANCIAL SOLVENCY COVENANT, THERE IS NOW GROUND FOR TERMINATION OF BONDS

* INTENDS TO CONDUCT NEGOTIATIONS WITH MAJOR BONDHOLDERS TO AGREE WITH THEM NOT TO TAKE ENCOFRCMENT MEASURES, TO ENABLE NEGOTIATIONS ON A LONG-TERM FINANCIAL SOLUTION

* ALSO ANNOUNCES THAT PORTFOLIO COMPANY POINT PROPERTIES HAS BEEN REJECTED BY BONDHOLDERS FOR ITS REQUEST FOR SHORT EXTENSION OF ITS BOND MATURING IN 2024.

* NEGOTIATIONS FOR LONG-TERM FINANCIAL SOLUTIONS FOR FASTATOR BONDS MAY INCLUDE EXTENSION AND CHANGE OF BOND TERMS, EXCHANGE OF SECURITIES AND A LARGE SETTLEMENT WITH POINT AND ITS BONDHOLDERS Further company coverage: (Reporting by Marie Mannes, editing by Louise Rasmussen)