{"id":120152,"date":"2019-04-11T00:00:00","date_gmt":"2019-04-10T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/union-international-center-requests-lido-to-file-for-insolvency-citing-bankruptcy-fraud\/"},"modified":"2026-03-27T16:21:12","modified_gmt":"2026-03-27T14:21:12","slug":"union-international-center-requests-lido-to-file-for-insolvency-citing-bankruptcy-fraud","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/union-international-center-requests-lido-to-file-for-insolvency-citing-bankruptcy-fraud\/","title":{"rendered":"Union International Center requests Lido to file for insolvency, citing bankruptcy fraud"},"content":{"rendered":"<div>Union International Center requests that Lido Bucharest, a company holding 10% of the shares of the entity owning the 5-star InterContinental hotel in Bucharest, file for insolvency, citing a bankruptcy offense. The request will be discussed this month.&nbsp;<\/div>\n<div><\/div>\n<div>At the beginning of the year, Profit.ro announced that Lido is preparing the sale, via the stock market, of 1.89% of the shares of the company owning the InterContinental hotel. Lido shareholders are also set to vote on this operation.&nbsp;<\/div>\n<div><\/div>\n<div>Lido is owned by the state, through the Ministry of Tourism, with 42.8%, and other shareholders, with 46.5%, while Union International Center holds a 10.6% stake.<\/div>\n<p>Source: <a href=\"http:\/\/www.profit.ro\" data-wplink-url-error=\"true\">Profit<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>Why is Union International Center requesting Lido&#8217;s insolvency?<\/strong><\/p>\n<p>Union International Center cites a bankruptcy offense as the basis for the insolvency request against Lido Bucharest.<\/p>\n<p><strong>What major asset does Lido Bucharest hold?<\/strong><\/p>\n<p>Lido Bucharest owns a 10% stake in the company that operates the 5-star InterContinental hotel in Bucharest.<\/p>\n<p><strong>Who are the main shareholders of Lido?<\/strong><\/p>\n<p>Lido is owned by the Romanian state (42.8%), various other shareholders (46.5%), and Union International Center (10.6%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union International Center requests that Lido Bucharest, a company holding 10% of the shares of the entity owning the 5-star InterContinental hotel in Bucharest, file for insolvency, citing a bankruptcy offense. The request will be discussed this month.&nbsp; At the beginning of the year, Profit.ro announced that Lido is preparing the sale, via the stock&hellip;<\/p>\n","protected":false},"author":0,"featured_media":67650,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2852],"tags":[],"thb-sponsors":[],"class_list":["post-120152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hotels-restaurants"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/hotelieri-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=120152"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/120152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/67650"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=120152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=120152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=120152"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=120152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}