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Tenant available in 22 shopping centres to undergo liquidation

The Management Board of Euromark Polska announced, that on 31 December 2012, District Court for Warsaw Praga-Północ issued a bankruptcy order of the company with liquidation of its assets.

The court issued the order after having examined the petitions of Bank Millennium and Euromark Polska. The company was notified of the court order on 3 January 2013. In mid-November 2012, Bank Millennium terminated the working capital loan agreement, overdraft agreement and factoring agreement with a 30 days notice. The debt of Euromark towards the bank under the above-mentioned agreements was then several million zlotys.
Euromark delivers products to over 300 shops in Poland and abroad and distributes in Russia, Czech, Turkey, Ukraine, Slovakia and Lithuania. 23 shops operate under Planet Outdoor brand, out of which 22 are located in large shopping centres.

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