Following the court’s decision, Info-Dip Insolvency SPRL and RVA Insolvency Specialists SPRL on Monday requested Prodlacta’s shares be suspended from trading in Bucharest.
Prodlacta reported a loss of 3.6 million lei (EUR0.83 million) in the first nine months of 2011, wider by 24% on the year. The company posted sales of RON16.6 million, down from RON48.5 million in the year-earlier period
Prodlacta’s main shareholder is its employees association, with a 41.75% stake, while Greek Olympus Dairy Industry Baraolt holds a 23.45% stake and Romania’s privatization authority AVAS – 18.14%.
Earlier this year, Olympus asked Prodlacta’s shareholders to affirm its position as strategic investor in the company, saying it has the necessary resources to help the company withstand the economic recession.
Prodlacta was last traded in Bucharest on November 28, when it closed up 4.76% at RON1.1 a share. (EUR1=RON4.3397)