Fondul Proprietatea Requests WTC Bucharest Insolvency

Romanian investment fund Fondul Proprietatea (FP.RO) has asked the Bucharest Court to start insolvency procedures against the World Trade Center in Bucharest.

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The Proprietatea fund filed the request on April 4, claiming a debt from the business center where it holds a 19.9% stake, according to court records.

The first hearing was set for June 21.

At press time, the investment fund had not commented the information.

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