After filing for bankruptcy this summer, Bomi is negotiating a plan to pay off its creditors. The grocery retailer, which owns prime real estate locations around Poland, is reported to owe as much as PLN 230m.
Market observers predict negotiations could drag on for some time yet. Bomi’s shareholders already approved a step to sell 50 millions warrants at a price of PLN 1.2 per share. Sources claim one of the main reasons behind Bomi’s insolvency was poor management and market constraints.
