The next term for procedure continuation is set for October 19.
Last summer, Dambovita court rejected the reorganization plan proposed by creditor Alphard Financial.
In 2021, COS shares started trading again on the Bucharest Stock Exchange after an over seven-year break.
Subsequently, Italian group Beltrame got the Competition Council greenlight to take over COS Targoviste for EUR38.3 million, with the company’s debts hitting RON520 million.
COS shares have climbed 374% this year, but amid RON283,000 deals. Thus, the company’s capitalization has risen almost five times, to RON255 million.
(English version by Catalina Apostoiu)