Leonardo commits to pay over 200,000 euros per month to banks

Leonardo, the biggest Romanian footwear retailer, held by businessman Florin Panea, which has received approval for judicial reorganisation from most creditors, one year from becoming insolvent, will start to pay part of the debts accumulated as early as in October, with banks being the first to recover their money."We agreed with the banking institutions on 205,000-euro monthly instalments in the first year of reorganisation. Instalments are lower than of those paid prior to the ...

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