





Bucharest Court suspends insolvency procedures opened against Metro Cash&Carry Romania
The Bucharest court opened the insolvency procedures against Metro Romania. Egg producer and distributor Tonelli Holding demanded the bankruptcy of the retail giant based on a 57,000 debt. Metro representatives dispute the debt and announced they will challenge the court decision. The Metro judicial manager declared for HotNews.ro that there are two solutions to this problem - the bankruptcy and the reorganization.
Tonelli Holding recorded the insolvency request Metro is accused of in October 2007. The Bucharest Court ruled on May 2008 and the sentence launching the insolvency procedures was published on May 16.