RIJEKA, Feb 4 (Hina) - The Rijeka Merchant Court on Thursday declared bankruptcy proceedings against the Rijeka-based trade company 'Brodokomerc', one of the firms from the Gucic Group. The court also appointed a bankruptcy
commissioner and a bankruptcy judge. Bankruptcy proceedings against 'Brodokomerc' were initiated in December 1999 by the Zagrebacka Banka, the company's creditor. The value of the company's assets has been estimated at 516 million kuna and the majority of assets is mortgaged. The company owes some DM154 million to commercial banks and another DM13.5 million to its suppliers. The company has about 1,250 employees.(hina) rml
RIJEKA, Feb 4 (Hina) - The Rijeka Merchant Court on Thursday
declared bankruptcy proceedings against the Rijeka-based trade
company 'Brodokomerc', one of the firms from the Gucic Group.
The court also appointed a bankruptcy commissioner and a bankruptcy
judge.
Bankruptcy proceedings against 'Brodokomerc' were initiated in
December 1999 by the Zagrebacka Banka, the company's creditor.
The value of the company's assets has been estimated at 516 million
kuna and the majority of assets is mortgaged. The company owes some
DM154 million to commercial banks and another DM13.5 million to its
suppliers.
The company has about 1,250 employees.
(hina) rml