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The Sklavenitis and ZANAE companies have expressed their intention to buy sugar and molbades from the Greek sugar industry, according to Capital.gr sources close to the booming industry, who say it will little breath to the business.
According to the same sources, Sklavenitis would be interested in the purchase of 3,000 to 4,000 tons of sugar and by ZANAE for the purchase of molbades worth 400,000 euros. This is certainly not the first time Greek companies have wanted to buy sugar from the company, but in the past, when interested buyers intended to pay directly for sugar and to cash money. hot to the EBZ funds to cover its obligations towards beet growers and other creditors, this did not work because other solutions, such as financing by the Cooperative Bank of Serres, were selected.
At the same time, in the context of a complaint relating to the commercial agreement, signed with Innovation Brain in early August, the EBZ system continued. This movement also formally closes the Innovation Brain chapter for the booming sector. It was preceded by a non-binding proposal from the fund and the latter's reluctance to pay an interim financing of 2 to 3 million euros. The fund had required an interest rate of 8.5% and guarantees the activity of Serbia to give money to the company.
In time to put pressure on the protection of creditors that the sector has withdrawn from the court of first instance of Thessaloniki, on the basis of its request for subordination under Article 106a of the Bankruptcy Code, to expire at the beginning from 2019, his administration and the government solution and investor.
Exercise is particularly difficult to report. Sources familiar with the situation of the company and whose time, like its sugar reserves, are over. However, some people close to the company claim that a new solution will be proposed before the end of the year. At the same time, other information suggests that Pillarstone is back with a new proposal. Royal Sugar, the entrepreneur of Carathanbadi, remains, but is only interested in the Serres factory, while two other funds would look into the area of destruction.
Today, EBZ has more than 1.5 million euros open to the latest producers, its employees have accumulated for 3 months and their overdue debt now exceeds 230 million euros.
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