BULGARIA: Danube Silk Rescued From Investors
Dunavska Koprina/Danube Silk AD, one of Bulgaria's biggest textile manufacturers prior to being bankrupted by foreign investors, has a new board of directors. The company is currently in a parlous state after being acquired by German investor Mueler & Sons following privatisation three years ago. The new board includes representatives of its largest creditor Toplofikacia, the Bulgarian government, and a representative of Mueler, who is still the majority owner.
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