Meat Company Declares Insolvency in Portugal
6 Articles
6 Articles
Observador
Insolvency was required by the Portuguese Commercial Bank, one of the largest creditors of the meat industry. Production is stopped, however, there is no interest in completing activities.
Production is suspended, but the administrator assures his intention to recover the company and keep the unit operational. Sicasal, a historic meat processing plant based in the municipality of Mafra, was officially declared insolvent by the Lisbon West District Court, following a request filed by Banco Comercial Português (BCP), one of the company's main creditors. The court, based in Sintra, appointed Jorge Calvete as insolvency administrator …
At 12 p.m. this afternoon, the Sintra Court ordered the settlement of the Mafranese company to transform the pig meat, whose cyclist team was known for winning tr s Voltas in Portugal between 1987 and 1991.
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