Insolvency: Sicasal owes €22.4 million to banks
Sicasal, a meat-processing company based in Mafra, has been accumulating debts and losses, which led to a request for its insolvency after its Special Revitalisation Plan was rejected, according to the file to which the Lusa news agency had access on Friday. The company acknowledged being 'in a difficult economic situation, but not in a state ...'
Sicasal declared insolvent
The insolvency administrator says Sicasal's production is halted, but there is an intention to present a recovery plan to reactivate it. The company employs 260 workers.
