Dutch import-export firm Alexport has reportedly been saved from bankruptcy following the last-minute intervention of its majority shareholder, Staay Food Group.
Along with Amsterdam-based bank ABN-AMRO, Staay, which is also based in the Netherlands, has provided sufficent financial backing for the company to continue trading, German fresh produce industry weekly Fruchthandel reported.
Chief executive Alexander Visser will continue to lead the group, the report added.
Staay Food Group recently acquired a majority interest in another Dutch fresh produce company, Hispa Fruit.
It has taken control of 70 per cent of the shares in the group, while the remaining 30 per cent continue to be held by Hispa Fruit chief executive Miguel Gonzalez.
