The fizz goes out of Hellena and creditors in hot pursuit

They are complaining about the lengthy bankruptcy proceedings and about the irregularities in the way the company is being run. This refers in particular to Hellena's cooperation with distribution company Grupa 777 which, according to the creditors, allows the bankrupt firm to transfer its assets to another entity. In addition, the valuation of the assets is apparently incorrect as another soft drink company, Hoop, despite its much better position and results, has been estimated at zł.200 million - which is zł.20 million less than Hellena. The company owes is creditors around zł.120 million and the bankruptcy proceedings have been dragging on since June 2005. (Puls Biznesu, p. 8) A.M.