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German Sun King's SolarWorld To File For Insolvency

Germany's SolarWorld, once Europe's biggest solar power equipment group, said on Wednesday it would file for insolvency, overwhelmed by Chinese rivals who had long been a thorn in the side of founder and CEO Frank Asbeck, once known as "th ...

Daily Headline - global.abi.org - 05/10/2017 - 20:04 - 0 comments

Bondholder Group Raises Concerns About Rickmers Restructuring

A group of Rickmers Holding AG’s bondholders have raised concerns regarding the German shipping firm’s restructuring, The Wall Street Journal reported. The criticism comes weeks after the Rickmers’s owner agreed to cede control of the shipping compan ...

Daily Headline - global.abi.org - 05/08/2017 - 22:33 - 0 comments

Germany Says No Debt Relief Being Prepared for Greece

No debt relief measures are being readied for Greece, Germany's Finance Ministry said on Thursday after the Handelsblatt business daily reported measures were under consideration, the International New York Times reported on a Reuters story. The ...

Daily Headline - global.abi.org - 05/04/2017 - 21:50 - 0 comments

Old Business Model and High Restructuring Costs Drive Airberlin to Record Loss

The business year 2016 and the first quarter 2017 at airberlin were dominated by the transition to a new business model at the airline, Aviation Tribune reported. Structural issues of the old business model and high restructuring costs have impacted the ...

Daily Headline - global.abi.org - 05/01/2017 - 21:09 - 0 comments

Restructuring Costs Drive Air Berlin to Record Loss

Air Berlin reported a record net loss of 782 million euros (654.10 million pounds) in 2016 as well as a widening loss in the first quarter of 2017, and said it was seeking new partners as it battles to revive its fortunes, the International New York Ti ...

Daily Headline - global.abi.org - 04/30/2017 - 21:50 - 0 comments

Paymill GmbH: Reorganisation by Transfer in Germany - Munich start-up sold to new investor three months after provisional debtor-in-possession insolvency is ordered

Following successful provisional debtor-in-possession insolvency proceedings led by attorney Vincenz von Braun and a team from anchor Rechtsanwälte working in close collaboration with the provisional insolvency monitor, attorney Dr. Christian Gerloff (Ge ...

Resource Article - twallace@abiwor... - 04/25/2017 - 10:59 - 0 comments - 1 attachment

ECB Rate Hike Would Help Reduce German Current Account Surplus

The German government believes an interest rate increase by the European Central Bank (ECB) would help to reduce Germany's often-criticised export surplus, the Funke Mediengruppe newspaper chain reported Wednesday. The newspaper cited an eight-page ...

Daily Headline - global.abi.org - 04/19/2017 - 18:29 - 0 comments

Blackstone Agrees to Hand Over Jack Wolfskin to Lenders

Private equity firm Blackstone has reached an agreement in principle to hand over control of German outdoor brand Jack Wolfskin to a group of its lenders in a debt for equity swap, sources close to the situation said. Under the terms of a lender-led debt ...

Daily Headline - global.abi.org - 04/12/2017 - 21:48 - 0 comments

Aurelius Sinks Again After Unconvincing Rebuttal of Short-Seller Gotham

Aurelius Equity Opportunities shares plunged for a second day after executive rebuttals of Tuesday’s allegations from short seller Gotham City Research failed to soothe wary investors, Bloomberg News reported. Aurelius tumbled a record 35 percent to 35 e ...

Daily Headline - global.abi.org - 03/29/2017 - 21:08 - 0 comments

Aurelius Sinks Again After Unconvincing Rebuttal of Short-Seller Gotham

Aurelius Equity Opportunities shares plunged for a second day after executive rebuttals of Tuesday’s allegations from short seller Gotham City Research failed to soothe wary investors, Bloomberg News reported. Aurelius tumbled a record 35 percent to 35 e ...

Daily Headline - global.abi.org - 03/29/2017 - 21:12 - 0 comments

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