Pilsen Steel steelworks faces insolvency

Published: 26.01.2019 Related countries:  U.S.A. U.S.A.

Pilsen Steel filed a petition for insolvency

Pilsen Steel filed a petition for insolvency and the Regional Court in Pilsen accepted it. Daily E15 writes that the proposal has quantified the amount of debt for more than CZK 5bn. Pilsen Steel was insolvent from 2012 to 2014. Following restrucuting, it avoided bankruptcy in 2017. 

Source: www.cianews.cz

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