The Court also decided Adevarul Holding’s insolvency procedures will be continued March 12, 2013.
The request for insolvency does not necessarily mean a company’s bankruptcy.
Businessman Cristian Burci has recently took over Adevarul Holding from Dinu Patriciu.
Contacted by MEDIAFAX, Burci refused to give any information.
Adevarul Holding’s stockholders are East Europe Media Distribution, with a 0.07% stake, Premium News, with 99.93%, according to Trade Registry data.
Adevarul Holding’s portfolio includes, among others, daily Adevarul, tabloid Click!, magazines OK!, Dilema veche, Dilemateca, Foreign Policy Romania, as well as Ukraine’s daily Blik, luxury book collections Adevarul, and complementary products. Also, Adevarul Holding edits Forbes Romania and Tango magazine and owns Click FM radio station.
Adevarul Holding was set up by Patriciu in the autumn of 2006, immediately after the acquisition of Adevarul daily.