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Restructuring of Electro World store chain to be completed by end of March

Electronics store chain Electro World will complete restructuring of the group by the end of March, as part of which Electro World Campona (SW Budapest) is to be closed on March 10, chairman of the group's board of directors Csaba Polgár told MTI on Thursday.

Similarly to two other recent closures, the Campona unit is closed due to unfavourable lease conditions. The company operates another ten units.

Polgar confirmed to MTI the press report which said the company had applied for bankruptcy protection in February.