Kerdos files for bankruptcy

The shareholders at Kerdos Group have applied for bankruptcy and the liquidation of the company's equity, it reported. The group has not reached an 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 sectors. It recorded revenues of PLN 220 million of 2014.