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The court appointed BDO Restructuring as external manager at insolvent online retailer Elefant, rejecting the nomination expressed by the largest creditors, Patria Bank and Evomag (Evolution Prest Systems), according to Ziarul Financiar. The courier company Cargus is a creditor as well (EUR 3...
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange, notified its shareholders on Monday evening that it dropped plans to sell 68.4% to Evolution Prest Systems SRL, which is 64% held by evoMAG founder and CEO Mihai Ispas Patrascu.
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange, notified its shareholders on Monday evening that it dropped plans to sell 68.4% to Evolution Prest Systems SRL, which is 64% held by evoMAG founder and CEO Mihai Ispas Patrascu.