Bucharest Tribunal approves insolvency request filed by Hidroelectrica

  The Bucharest Tribunal on Wednesday approved the request for insolvency filed by Hidroelectrica, officials of the Ministry of Economy, Trade and the Business Milieu (MECMA) the principal shareholder in the company, confirmed to Agerpres.'I hope the reorganisation will not last more than one or one and a half year. Normally, reorganisations may take up to four years to complete. The company is RON 200 million in debt to suppliers and RON ...

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