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Flamingo insolvency approved

Publicat la 14.12.2009, 22:00:00

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Flamingo insolvency approved

 Following the announcement, the Bucharest Stock Exchange (BVB) decided yesterday to suspend Flamingo shares. As of Wednesday, ING Bank began an enforcement procedure on stocks held by Flamingo, as the company failed to respect the terms of a renegotiated agreement on a 2001 loan.

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