Rohwedder AG / Insolvency
12.04.2010 18:50
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Bermatingen, Germany, April 12, 2010. After Rohwedder AG applied to the
Konstanz district court on March 26, 2010 to initiate insolvency
proceedings, the company is unable to maintain its business operations on a
lasting basis with its existing financial resources.
In financial year 2008 the Group made a loss of around EUR 22.8 million.
According to preliminary insolvency administrator Dr. Volker Grub, the 2009
loss is likely to have been similar in size.
The Management Board and the insolvency administrator are therefore looking
for investors for all Rohwedder AG business units. They will probably be
sold as part of a transferred reorganization. This means that once the
insolvency proceedings have been initiated, Rohwedder AG itself will no
longer continue in business but will be liquidated and its shareholders
will be unable to expect any payments on their capital.
Issuer:
Rohwedder AG
Kesselbachstrasse 1
D-88697 Bermatingen
Germany
SIN 705 770, ISIN DE0007057705,
listed on the Frankfurt (General Standard) and Stuttgart stock
markets
Corporate Communications
Diana Varwyk
Tel. +49 7544 502 219 Fax +49 7544 502 275
E-mail: diana.varwyk@rohwedder.com www.rohwedder.com
12.04.2010 18:50 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Rohwedder AG
KesselbachstraÃe 1
88697 Bermatingen
Deutschland
Phone: +49 (0) 7544 502-219
Fax: +49 (0) 7544 502-275
E-mail: info@rohwedder.com
Internet: www.rohwedder.com
ISIN: DE0007057705
WKN: 705770
Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart;
Freiverkehr in Berlin, München
End of News DGAP News-Service
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DGAP-Adhoc: Rohwedder AG: The process of finding investors
| Source: EQS Group AG