The creditors of FoodExpress can only get the fraction of their claims

Thirteen creditors with a total value of 823 million HUF submitted a claim on the liquidation of the Food Express, Hungary (FEH) Ltd. until deadline – reports the liquidator Csabaholding Ltd.

The negative trends of the market environment has made the loan payment impossible. The bank terminated its fundings, took the leased equipment back, so the production and delivery is became dysfunctional. The liquidator is now selling FoodExpress Hungary’s only significant asset the Maglódi road property in Budapest, advertised for 90 million HUF by tender – reports Napi Gazdaság.