Euro Insol representative Remus Borza said that he would have talks with the representatives of RAAN majority shareholder, the Energy Minister, on Monday, and might turn down the offer.
“Euro Insol has never been associated with bankruptcy, we save the companies, not bury them,” Borza said.
RAAN entered insolvency in September 2013, with debts totaling RON1.2 billion, to over 300 companies, as well as to public institutions, local administrations and banks. Insolvency firm Tudor& Asociatii was appointed legal administrator.
In November 2015, RAAN laid off 1,525 employees.