Germany photographic company AgfaPhoto is likely to close down by the end of the year, making around 1700 of its workforce redundant, reports DW-World.de. Talks with UK company Photo-Me International about a possible takeover were rejected by the creditors because the offer "contained too many points that were unacceptable". AgfaPhoto has been operating under bankruptcy protection since May, when it filed for insolvency. The company will end operations at the end of the year, after all its stock has been used.
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