(pressebox) Cologne, 16.09.2009, . -Insolvency administrator commissions company to perform asset management of 13 commercial properties totaling around 74,000 m2 -Success for the new German Workout Platform Resolution GmbH, a subsidiary of Colonia Real Estate AG (ISIN DE0006338007), has won a further significant workout commission. Appointed by the insolvency administrator Rattunde with the acceptance of [...]
Tag Archive > Insolvency
EANS-Adhoc: Arcandor AG / Ad hoc release pursuant to § 15 of the German Securities Trading Act(WpHG) Thomas Cook Group plc shares have been realised upon completely by Arcandor-creditor banks
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 15.09.2009 Under the leadership of Bayerische Landesbank, the creditor banks of the insolvent Arcandor AG (ISIN DE0006275001) have notified the administrator appointed [...]
EANS-Adhoc: Ad hoc notification in accordance with § 15 of the German Securities Trading Act Arcandor AG / Dr. Görg appointed as insolvency administrator of Arcandor AG
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 01.09.2009 Essen/Germany, September 1, 2009. The District Court in Essen as the competent insolvency court has appointed Dr. Klaus Hubert Görg as [...]
EANS-Adhoc: ESCADA AG / Board of Management decides to file for an insolvency petition in the event that bond exchange offer fails
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Restructuring 10.08.2009 Munich, August 10, 2009 – Today the Board of Management of ESCADA AG decided that – in keeping with previous [...]
EANS-Adhoc: Vivacon AG sells residential real estate portfolio and ground lease properties
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 07.08.2009 Vivacon AG (ISIN 000604 8911) sold a residential real estate portfolio in the context of the current restructuring process. The portfolio, [...]
EANS-Adhoc: Four subsidiaries of Vivacon AG filed for insolvency
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– 18.06.2009 Four subsidiaries of the group of Vivacon AG (ISIN 000604 8911) filed for insolvency at the local court in Cologne. The [...]
SoFFin holds 90 percent stake in Hypo Real Estate Holding AG (HRE) following capital increase. Preparations for complete takeover of the company under way.
Berlin (ots) – – At the extraordinary general meeting of HRE, a 73,95 percent majority of shareholders approved a capital increase in the amount of EUR 2.96 billion. – After subscription of all the relevant shares, the Financial Market Stabilization Fund (SoFFin) will hold a 90 percent stake in HRE. – As planned, SoFFin will [...]
Plambeck Neue Energien AG gives a profit warning for 2009 due to possible insolvency of Econcern N.V.
(pressebox) Cuxhaven, 27.05.2009, The wind-farm developer Plambeck Neue Energien AG (ISIN:DE000A0JBPG2) can possibly not achieve the forecast showings to the amount of an EBIT of 29 to 33 mill. Euro. The reason for this is the possible insolvency of the Dutch Econcern N.V. group, which notified suspension of its payments yesterday. Together with Econcern, Plambeck [...]
EANS-Adhoc: Plambeck Neue Energien AG gives a profit warning for 2009 due to possible insolvency of Econcern N.V.
——————————————————————————– ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Company Information 27.05.2009 Cuxhaven, May 27, 2009 – The wind-farm developer Plambeck Neue Energien AG (ISIN: DE000A0JBPG2) can possibly not achieve the [...]
Disclosure of Details about the financial restructuring of Polytec Holding AG
(pressebox) Hörsching, 11.05.2009, The management board of POLYTEC HOLDING AG discloses detailed information about the final concept for a financial restructuring of POLYTEC GROUP. The board is also able to information that all parties involved in the negation process gave their consent to the concept. After the acquisition of PEGUFORM GROUP in autumn 2008, which [...]
EANS-Adhoc: Polytec Holding AG / DISCLOSURE OF DETAILS ABOUT THE FINANCIAL RESTRUCTURING OF POLYTEC HOLDING AG
——————————————————————————– ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Company Information 11.05.2009 Hörsching, May 11, 2009; The management board of POLYTEC HOLDING AG discloses detailed information about the final concept for a financial restructuring of POLYTEC GROUP. The [...]
EANS-Adhoc: Polytec Holding AG / Agreement in principle reached about POLYTEC after nightly marathon negotiations
——————————————————————————– ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Company Information 30.04.2009 After the acquisition of PEGUFORM GROUP, which was temporary financed by short term loans, POLYTEC Holding AG got into a financial disorder, as a repayment in [...]
Restrukturierungsbranche: Retter in der Krise? 5. Handelsblatt Jahrestagung "Restrukturierung 2009" 7. und 8. Mai 2009, Hilton Frankfurt
Düsseldorf (ots) – Für 2009 erwartet die Wirtschaftsauskunftei Creditreform eine Zunahme der Insolvenzen um rund 15 Prozent. Dies entspricht rund 35.000 Unternehmensinsolvenzen. (Handelsblatt, 26.03.2009) Wie die deutsche Restrukturierungsbranche auf die Prognosen reagiert und welche Lösungsansätze den Weg aus der Krise weisen können, diskutieren unter anderem Dr. Paolo Castagna (Hypovereinsbank), Ernst Fassbender (Lazard & Co.), Dr. [...]
Occlutech obtains favourable ruling in proceedings initiated by AGA Medical
Jena (ots) – Occlutech GmbH today announced that it had defeated a request for insolvency, launched at the Amtsgericht Gera in Germany by its US competitor AGA Medical. The request by AGA was based on wrongful assumptions about Occlutech, and AGA announced that it had started the said request to recover damages. However, the court [...]
Information about Franke & Heidecke
(pressebox) Feuerthalen/Switzerland, 16.03.2009, The news report of the 2nd of March 2009 that announced the fact that the firm of Franke & Heidecke, headquartered in the city of Braunschweig in Germany, has applied for the status of insolvency motivates us to make the following statement: This information about Franke & Heidecke affects us as Sinar [...]
