Kama Foods settles with creditors and sets sights on quick recovery

A court in Warsaw approved an agreement between Kama Foods and its creditor s. Under the plan, interest on company debts, which now exceeds zl. 95 mill ion, would be annulled. Liabilities of over zl. 50,000 would be reduced by 40%, while the outstanding balance would be paid over 16 months to 24 month s. What is more, according to unofficial sources quoted by Rzeczpospolita, Kama may receive financial support from Dresdner Bank of nearly zl. 380 mil lion. Company president, Wieslaw Buchowiecki, believes that Kama could gene rate profits as soon as next year and capture 20-25% of the edible oils mar ket within two or three years. (Rzeczpospolita, p. B5) M.K.