The decision comes after in June the rescue efforts of the mother-company Alpine Bau Gmbh have failed, and the Austrian constructor went bankrupt with debts of more than EUR 2.5 billion. (source: zf.ro)
Alpine Constructor Entered Insolvency
Alpine SA, local subsidiary of Austrian group Alpine, currently facing bankruptcy, has entered insolvency on Wednesday, following a decision approved by Ilfov Court, Casa de Insolvenţă Transilvania being designated as judicial administrator.
