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Danes threaten to stop investment

Aug 26, 1999

VILNIUS (BNS) - Danisco Sugar, the owner of large stakes in the Lithuanian sugar industry, has threatened to halt investments in modernization of the coun-try's sugar refineries if the ailing Marijampole Sugar is not closed down.The Kaunas regional court opened bankruptcy proceedings against the debt-laden sugar producer in June of this year. Farmers, who own almost 50 percent of Marijampole Sugar, have been seeking the com-pany's rehabilitation.The Danes, who hold 49.13 percent of Marijampole S ...

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