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Papresa has entered into a creditor competition with a binding purchase offer on the table

Errenteria's paper company has entered a voluntary creditor competition, according to trade union sources, which further state that they have not received information about the competition. 

The paper company Papresa de Errenteria has entered a voluntary creditor competition, according to trade union sources, which have indicated that the works council has received notification from the court in charge of the case confirming the opening of the competition.

However, the committee has assured us that it does not yet have detailed information on this possible offer. "We do not know what the offer is because we have not yet received more information from the court, "said trade union sources.

For the time being, the company has not provided any details as to its status or the scope of the open insolvency proceedings.

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