Concefa asked Transilvania Insolvency House would act as judicial administrator.
Concefa reported a loss of 35.7 million lei (EUR8.2 million) in 2011, versus net profit of RON3.5 million in the previous year. The company posted total revenue of RON92.5 million, down 28% on the year.
End-December, Concefa had total debts worth RON160 million. The company’s receivables stood at RON62.3 million.
On the Bucharest bourse Thursday, Concefa closed up 1.12% at RON0.018 a share. (EUR1=RON4.2219)