Shareholders in ailing Polish meat plant Ostroleka have decided not to file for bankruptcy, but will struggle on and hope for new investment.
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Some employees and shareholders have accused majority invester Morliny of acting against the company’s best interests, but it is hoped the decision to seek further investment will reduce the scale of potential redundancies, slated for March or April.
Morliny holds a 76.5% stake in the company. It is believed that negotiations are already underway with investment candidates.
