Bakery Firm Spicul Pushed Into Bankruptcy; Majority Shareholder To File Appeal

08.02.2013 By Gabriel Razi

Creditors of bakery company Spicul Bucuresti, which has been insolvent for almost two years, Thursday rejected the reorganization plans submitted by legal administrator PwC and majority shareholder Gheorghe Ilie, who has been running the company for 20 years.

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