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Papcel Files for Insolvency Due to High Debts

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According to David Dostál, Papcel was practically paralyzed by shareholder disputes for a significant part of last year. September 10, 2019 Papcel, a Czech paper and papermaking machines manufacturer has filed an insolvency petition. As per the media reports, the Litovel-based company filed an insolvency petition due to high debts.......