Cerbona asks for bankruptcy protection

The Assembly of Cerbona Élelmiszeripari Zrt. agree, that due to the company’s current economic situation, the  management of the company to apply for bankruptcy proceedings to the court. The company's bank loan portfolio is 4.5 billion HUF.

The 97 percent of the General Assembly authorized the Directorate of Finance to increase the company's share capital, if it will be necessary, which can be achieved by issuing new shares – said Gosztonyi Gábor, CEO of the company to MTI.

The capital increase may be 3 billion HUF. The company's registered capital is now more than 1.9 billion HUF, while the company’s bank loan portfolio is 4.5 billion HUF – reports szabadfold.hu.