Orbán-Linked Bayer Construct Could Go Bankrupt
12 Articles
12 Articles
Orbán-linked Bayer Construct could go bankrupt
Bayer Construct Ltd. has filed a request with the court to initiate insolvency proceedings, Attila Balázs, the owner of the Bayer Group, told employees yesterday. According to the company chief, developments over recent months have left the business facing serious financial exposure. He cited regulatory changes affecting projects under way, the Government’s decision concerning Zugló City Centre and adverse market conditions.Continue reading
Owner Attila Balázs confirmed the information, stating that the reason was to withdraw from the Zugló office complex.
CEO Attila Balázs informed the employees about this in a letter.
According to the owner, Attila Balázs, the decision was made due to the government decision regarding the Zugló office complex and unfavorable market trends.
Bayer Construct Zrt. has filed a petition for bankruptcy proceedings with the court, owner Attila Balázs announced to employees the other day.
This will give the company time to sort out its financial situation. The post Bayer Construct has filed for bankruptcy first appeared on 24.hu.
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