Pápai Hús offers to pay suppliers at discount, over time

Competition

Troubled meat company Pápai Hús 1913 is offering to pay suppliers 70% of its liabilities, in several installments until the end of 2014, business daily Világgazdaság said on Thursday. Pápai Hús owes its suppliers several hundred million forints, the paper said. The local council of Pápa recently acquired a majority stake in Pápai Hús 1913.

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