SKW Stahl-Metallurgie Holding AG

  • WKN: SKWM02
  • ISIN: DE000SKWM021
  • Land: Deutschland

Nachricht vom 14.08.2018 | 13:05

Court confirms insolvency plan for SKW Stahl-Metallurgie Holding AG

SKW Stahl-Metallurgie Holding AG / Key word(s): Insolvency
Court confirms insolvency plan for SKW Stahl-Metallurgie Holding AG

14-Aug-2018 / 13:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Munich, August 14, 2018 - By resolution dated August 14, 2018, the local court in Munich (Insolvency Court) has confirmed the insolvency plan for SKW Stahl-Metallurgie Holidng AG. This was preceded by the approval of all groups of creditors during the creditors' meeting on July 23, 2018. The denial of the insolvency plan by the shareholders (who form a separate group) during the creditors' meeting, was substituted by the court by referring to the prohibition to obstruct (Sec. 245 Insolvency Code).

The resolution of the court is appealable within 14 days. As soon as the insolvency plan becomes legally binding, its execution can be initiated.

During the on-going insolvency proceeding under self-administration, the insolvency plan determines all measures for the financial restructuring of the Company. To this end, a considerable part of the credit claims held by the US based investor Speyside Equity against SKW Holding, will be swapped into equity, associated with the current shareholders exiting the Company. For all none-subordinated insolvency creditors, the insolvency plan provides for economic full satisfaction of their claims in the amount of 100%.

Contact:
Frank Elsner
Frank Elsner Kommunikation für Unternehmen GmbH
Phone: +49 89 99 24 96 30
E-Mail: office@elsner-kommunikation.de
Internet: www.skw-steel.com

 


14-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

GBC-Fokusbox

Fonds Research 2019: Dt. Mittelstandsanleihen FONDS bietet attraktive Anlagemöglichkeit

Auch 2019 hat die GBC AG unter der Vielzahl an Publikumsfonds neun „Fonds Champions“ herausgefiltert. Darunter den Deutsche Mittelstandsanleihen FONDS (ISIN: LU0974225590), der eine qualitätsorientierte Strategie verfolgt und eine vielversprechende Anlagemöglichkeit in den deutschen Mittelstand bietet. Insbesondere vor dem Hintergrund des aktuellen Niedrigzinsniveaus sehen wir den Fonds als gute Chance, um attraktive Renditen zu erwirtschaften und dies verbunden mit einer traditionell niedrigen Fonds-Volatilität. Wir vergeben 5 von 5 GBC-Falken ein.

News im Fokus

E.ON SE: E.ON vollzieht Erwerb der innogy-Anteile von RWE

18. September 2019, 22:30

Aktuelle Research-Studie

Original-Research: GBC Insider Focus Index (von GBC AG): GBC Insider Focus Index

18. September 2019