Chapter proceedings have been opened as a result of “regardless of intensive efforts” the acquisition of recent buyers as deliberate within the restructuring plan was not achieved. This meant that the mandatory liquidity was not obtainable. It may now be assumed that the corporate shall be exploited.
Geomix mightn’t afford the second installment. The renovation subsequently failed. The annual loss for 2023 amounted to round 1.7 million euros. There’s a revival of registered and acknowledged previous claims. 74 staff and 192 collectors are affected. Wages and salaries have been paid as much as and together with March 2024. The whole liabilities quantity to 16.3 million euros (at guide worth).
