|
|
Article: Spanish CNMV chooses Enst & Young as insolvency administrator for Dogi.
- Article from:
- ADP News Spain
- Article date:
- September 2, 2009
CopyrightCOPYRIGHT 2009 Aii Data Processing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
(ADPnews) - Sep 2, 2009 - Spanish stock market regulator CNMV appointed international consultancy Ernst & Young as insolvency administrator for local textile company Dogi International Fabrics SA (MCE:DGI), Ernst & Young said on Tuesday.
Dogi presented a voluntary insolvency to its creditors at the end of May. The company had liabilities of EUR 42 million (USD 59.7m) of which EUR 28 million were owed to financial entities, EUR 6 million to suppliers, and EUR 3 million to the Spanish state.
The company attributed the insolvency to its current financial situation and the ...