Agreement to save Marinopoulos from closing to be signed
An agreement has been reached between the banks and super-market chains Sklavenitis and Marinopoulos, which will see the two companies merge.
According to the deal the troubled Marinopoulos super-market chain will be absorbed by Sklavenitis. After the agreement is singed, about 80 million euros will be paid out in order to pay wages and rent.
The next phase of the major deal relates to the major debts towards suppliers accrued by Marinopoulos over the years. About 60% of suppliers have agreed to a debt haircut.
Efforts are being made so that any debts up to 150,000 to 200,000 euros will not be slashed. At present debts up to 100,000 are not expected to be reduced.
You may be interested
Lotto results: Saturday 26 May 2018Panos - May 26, 2018
The winning numbers from the Lotto draw on Wednesday 23 May are as follows:
Turkey blasts Greece over decision to grant asylum to 8 Turkish officersmakis - May 25, 2018
The Turkish Foreign Ministry’s spokesman described the decision by the Greek legal system to grant asylum to the eight Turkish…
Moving moments as Pontian Greeks sing at Harry Klynn’s funeralmakis - May 25, 2018
Greek comedian Vassilis Triantafyllidis, known by his stage name “Harry Klynn”, was laid to rest in Kalamaria at the Church…