Kerdos applies for bankruptcy

The shareholders at Kerdos Group has applied for announcing bankruptcy and liquidation the company's equity, it reported. The group has not reached agreement with its creditor, ING Bank Śląski, according to a statement. In August, Kerdos Group signed a final agreement to acquire a 50.26 percent stake in Luxembourgish drugstore chain Meng Drogerie+. Kerdos is a holding company focused on trade operations in the hygiene and household cleaning product segments. It recorded PLN 220 million of revenue in 2014.