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Demján's Arcadom under liquidation

Telco

Liquidation has been ordered on Arcadom, a building company indirectly owned by construction industry magnate Sándor Demján, and if talks with creditors break down, Demján will be required to compensate suppliers from his personal fortune, Arcadom told Hungarian news agency MTI yesterday.

According to the reports, Demján (pictured) has already injected HUF 8 bln of his personal assets in Arcadom in order to keep the company operating in the past several years.

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