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Szeviép gets more time to reach agreement with creditors

Troubled construction company Szeviép, which has been under bankruptcy protection since April 29, has been given another 15 days to reach an agreement with its creditors, chairman Sándor Baranyi said.

Most of the company's creditors want to reach an agreement on the company's debts, but two banks still want to make changes to “marginal questions” concerning the agreement, Baranyi said.

If changes can be made that satisfy the banks, they will support the agreement, he added. (MTI – Econews)