“We are going through the more difficult period of its almost 20-year activity. In an activity diversification plan and investments above the estimated budget, doubled by recent uninspired management decisions, we have been forced to decide to enter an arrangement with creditors,” Sergiu Gorban, Transylvania CEO, told ZF.
He is the founder of grain trader Transylvania Invest, the largest company of the group.
(English version by Catalina Apostoiu)