ELCEN’s assets could be sold to any private investor

Sierra Quadrant, the judicial administrator of ELCEN, registered with the Bucharest Court the modified plan for the reorganization of ELCEN, which will be submitted to the vote of the Creditors’ Assembly within 20 days from the publication in the Insolvency Procedures Bulletin of the announcement. ”The most important change provides for a period of six months from the confirmation of the plan by the Syndic Judge in which the Romanian state ...

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