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Cerbona to request bankruptcy protection

Food products maker Cerbona Zrt has summoned an extraordinary shareholder assembly of November 10, where it is likely to request bankruptcy protection.

The company best known for its corn flake and muesli product lines is suffering serious financing problems.

CEO Gábor Gosztonyi told the Független Hírügynökség news agency that Cerbona accounts have been frozen, preventing it from paying vendors on time. (BBJ)