Est Media unit initiates bankruptcy procedure against itself

Analysis

Est Media-owned unit EMG Mediacsoport on Monday submitted a request to the Budapest Municipal Court to have bankruptcy procedures initiated against itself, Est Media told MTI. The 100%-owned Est Media unit hopes that the procedure will enable the company to come to bankruptcy agreements with its creditors, the largest of which is Est Media itself. Est Media is a B-category issuer at the Budapest Stock Exchange.

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