Liquidation of troubled poultry maker starts

Telco

A court decision on the li quidation of troubled poultry company Zalai Baromfifeldolgozó took effect on Thursday, Ferenc Somogyi, CEO of the liquidator company TM-Line told MTI. The owners decided to wind up the company in the middle of April. Based on a preliminary assessment, the company has assets worth close to HUF 1 billion against creditor claims of about HUF 2.5 billion, Somogyi said. The company built a HUF 1.5 billion plant in Pacsa (W Hungary) in 2011 which was opened in February 2012. Construction was supported by more than HUF 600m in investment and employment grants, and debt included nearly HUF 1.2 billion owed to a lender bank according to earlier information. The plant employed 150 people.

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