PetrolExportImport to file for insolvency

The PetrolExportImport Shareholders General Assembly will discuss, on October 1, the request for opening the simple procedure for insolvency, according to the notification posted on the Bucharest Stock Exchange (BVB) website quoted by romaniajournal.ro. The reason is related to the takeover, by Piraeus Bank, of a building in Bucharest by foreclosure. The company says that the difference between overall assets and overall debts has diminished to less ...

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