Spain: Agrofruit goes into liquidation

The company Agrofruit Export SA, of Tortosa, which had managed to become the largest exporter of citrus fruits in Catalonia, has gone into liquidation, as ruled by the commercial court number 1 of Tarragona.

The new bankruptcy administrator has launched the liquidation phase, and an Employment Regulation File (ERE) has also come into force this Monday for the fifty discontinuous permanent workers who were waiting to start the campaign. This follows the company's inability to face the last bankruptcy, activated by the Commercial Court on October 1.

In 2015, the company announced the end of the first bankruptcy, filed in 2013, when the firm accumulated more than 50 million Euro in debt and a negative net worth of some 30 million more.

It announced an agreement with the creditors, who after 2 years have not received the expected payments, which should have been made effective as of last March.

Agrofruit had negotiated the entry of a new partner and the possibility of leasing the facilities, but neither of the two operations has prospered.

 

Source: EFE


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