Insolvent Asmita Gardens To Be Reorganized, Creditor Alpha Bank Loses At Least EUR15M

09.05.2012 By Ioana Tudor

The creditors of Asmita Gardens, one of Bucharest’s largest residential compounds, have approved its reorganization plan, which states that the main creditor, Alpha Bank Romania, will recover EUR55 million of a EUR70 million debt.

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Keywords:: ASMITA; , REORGANIZATION; , CREDITOR

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