IHC Zukunft buys bankrupt Austrian biodiesel plant for $49 million

In Austria, IHC Zukunft, an affiliate of the Reiffeisen Foundation has acquired the bankrupt Enns biodiesel plant for $49 million. The purchase price is equal to the liens outstanding on the plant, which collapsed earlier this year with $103 million in debts, the biggest bankruptcy case in Austria since 2001.

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