January 11 (SeeNews) - Bulgaria's financial regulator said it has delisted engineering, construction and energy group Enemona [BUL:E4A] from the register of public companies due to a court decision declaring the company insolvent.
The regulator has decided to remove the company's shares [BUL:E4A], preferred shares [BUL:E4AP] and warrants [ZNOA] from the register of public companies, thus delisting them from the Bulgarian Stock Exchange, the Financial Supervision Commission said in a statement on Wednesday.
The company was declared insolvent by a court decision from October 24, filed with the country's commercial register.
The insolvency proceedings were opened in 2015 after a complaint by Dutch lender ING Bank over claims amounting to 261,765 levs from Enemona and 4.7 million levs from Enemona's subsidiary - Enemona Unitilities. The companies were due to repay the loan at end-August 2015 but failed to do so.
According to a list of the company's creditors, filed with the country's commercial register last year, Enemona's biggest creditors include Societe Generale Expressbank, owed 21.1 million levs, Unicredit Bulbank - 19.5 million levs, Bulgaria's National Revenue Agency - 16 million levs, Investbank - 14.6 million levs, and DSK Bank - 11.1 million levs.
(1 euro = 1.95583 levs)