Image: VOLKER WEIHBOLD
Twelve employees and 45 creditors are affected; the liabilities are valued at 3.1 million euros (including subordinated liabilities of 2.3 million euros). The Credit Protection Association of 1870 (KSV1870) said in a press release that there was currently no restructuring plan.
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The company said there was already negative equity in the 2022 financial year. Attempts were made throughout the financial year to find investors, but discussions failed.
“Catastrophic” development
The 2023/24 winter season ultimately turned out to be “catastrophic”: first there were considerable increases in electricity costs, then operations could only start late due to a lack of snow and had to be stopped again on February 24th: “As a result, further sales were not achieved could become.”
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Source: Nachrichten
