on Endor AG (isin : DE0005491666)
Endor AG Notifies Restructuring Plan According to StaRUG
Landshut, June 3, 2024 – Endor AG announced it has notified the Restructuring Court in Munich of a restructuring project in line with the German Act on the Stabilization and Restructuring Framework for Companies (StaRUG).
After an extensive review, the lending banks disapproved other restructuring offers, deeming them unsuitable to prevent insolvency. As part of the plan, banks will partially waive debts, and a complete capital reduction is planned. This will result in shareholders exiting the company without compensation and the delisting of Endor AG shares from the Open Market.
Endor AG will keep the capital markets and public updated on the process, complying with legal requirements.
R. E.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all Endor AG news