No, the brandnew entity AgfaPhoto was not public. The selling of their consumer products section by Agfa to that new entity and the bancrupsy short after indeed looks suspicious, but no official accusation was made. Nevertheless Agfa later got cought up by that sale nevertheles as by highest court decision they had to come up for pension claims of their transferred employees nontheless. I posted about that in the past, but the respective posts got deleted. But aside of that sale the later inability to sell AgfaPhoto's most modern coating facility tells a lot of the market back then. Fuji by they way had similar problems with their idle facilities.