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Elcen enters insolvency with debts of 1.6 billion lei

Bucharest Court admitted on Thursday, the request made by Electrocentrale Bucharest to enter insolvency, the total debts of Elcen being about 1.6 billion lei. KPMG Restructuring was appointed provisional judicial administrator. The Administration Board of Elcen approved the insolvency request considering the financial situation of Electrocentrale Bucharest and the debts registered with suppliers and distributors of fuel, services and products, because ...

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Friday, October 7, 2016