Results for Germany
- KKR’s ATU to Be Taken Over by Lenders in Debt Restructuring
ATU Auto-Teile-Unger, the German car repair and tire chain owned by KKR & Co., will be taken over by lenders following a debt restructuring, Bloomberg reported. Shareholders and a majority of senior bondholders agreed to write off more than 600 milli ...
Daily Headline - global.abi.org - 12/05/2013 - 22:28 - 0 comments
- Wiesmann Emerges from Insolvency, Will Meet Creditors on December 16
Last time we heard of Wiesmann, the German manufacturer of retro-styled sports cars, things were not good at all. In August this year, the carmaker filed for insolvency at a local court in Münster and went under the protection of an administrator, CarSco ...
Daily Headline - global.abi.org - 12/02/2013 - 22:18 - 0 comments
- Some German Insurers May Fail Under New Capital Rules
Some German insurers may fail in the wake of tough new European capital rules for the industry due to come into force in 2016, Germany's top insurance supervisor said, Reuters reported. "I'm not sure that all insurers will make it," F ...
Daily Headline - global.abi.org - 11/28/2013 - 22:53 - 0 comments
- Germany's Globus Close To Deal For 58 Max Bahr Stores
12 percent at 0.028 euros ($0.04) at 1557 GMT. RBS and Max Bahr's insolvency administrator ...
Daily Headline - global.abi.org - 11/26/2013 - 21:16 - 0 comments
- German Finance Minister Says No More Risks Of Contagion In Euro Zone
German Finance Minister Wolfgang Schaeuble said on Saturday that there were no longer any risks of contagion in the euro zone, and Greek Prime Minister Antonis Samaras stressed his country did not need a further bailout, Reuters reported. Schaeuble said ...
Daily Headline - global.abi.org - 11/24/2013 - 19:56 - 0 comments
- Europe's Easy-Money Policy Snubs German Savers
ECB's latest interest-rate cut earlier this month to a record-low 0.25% is unlikely to stop the ECB from ...
Daily Headline - global.abi.org - 11/24/2013 - 19:59 - 0 comments
- Germany, Austerity’s Champion, Faces Some Big Repair Bills
Germany was once known for its superfast autobahns, efficient industry and ability to rally public resources for big projects, like integration with the former East Germany. But more recently, it has been forced to confront a somewhat uncharacteristic pr ...
Daily Headline - global.abi.org - 11/21/2013 - 20:06 - 0 comments
- Max Bahr To Enter Liquidation After Sale Talks Fail
Insolvent German home improvement store chain Max Bahr is to enter liquidation after talks to sell the retailer to rival Hellweg failed, its administrator said on Friday. Max Bahr's parent Praktiker is already being liquidated after the administrato ...
Daily Headline - global.abi.org - 11/17/2013 - 20:08 - 0 comments
- Germany Challenges Use Of Euro Zone Cash To Repair Banks
Germany challenged a central plank of plans to forge a banking union in the euro zone on Thursday, arguing against the use of the currency bloc's funds to help lenders exposed as dangerously weak by health checks next year, Reuters reported. As fina ...
Daily Headline - global.abi.org - 11/14/2013 - 20:08 - 0 comments
- German Trade Surplus Could Threaten Eurozone Recovery, Says EC
Germany's status as Europe’s industrial powerhouse could be damaging the single-currency bloc, the European Commission has said, as it launched a probe into whether the country’s large trade surplus was hindering Europe’s recovery, The Telegraph ...
Daily Headline - global.abi.org - 11/13/2013 - 21:45 - 0 comments