German wind park operator Prokon has warned that it may have to file for insolvency if it is unable to strike a deal with investors who bought its profit-participation certificates, Reuters reported. "If we do not succeed - together with you, our investors - to stabilise the liquidity position very quickly, we will likely be obliged to initiate a self-administered insolvency plan at the end of January," Prokon said on its website on Saturday.

Roman Catholic Church-owned bookseller Weltbild, which competes with online retailer Amazon.com in Germany, filed for insolvency on Friday after its sales shrank and it unexpectedly found itself unable to obtain fresh financing, Reuters reported. Unlisted Weltbild, which has 6,800 employees, has been posting losses as it invests in a shift to more internet-based business. The company, which relies on catalogue sales and is part owner of Germany's second biggest brick-and-mortar bookstore chain, has struggled to keep up with Amazon and its sales fell in the second half of 2013.

Chancellor Angela Merkel will tell Germans their fate is so closely entwined with the European Union that it is imperative to come up with answers on how to permanently resolve the euro zone's sovereign debt crisis, Reuters reported. In an advance text of the traditional New Year's Eve address that she will deliver on Tuesday evening, Merkel said Germany had a lot of work to do to maintain its own economic strength.

Segro Plc. announced that on Monday that it completed the disposal of the Neckermann site in Frankfurt for 46 million euros, RTTNews.com reported on Tuesday. In July, Segro had said that it exchanged contracts for the Neckermann site sale in Frankfurt for 46.0 million euros in cash to a consortium of private investors. The site was a 309,000 sq m bespoke office and distribution facility formerly occupied by Neckermann, the mail order company, which filed for insolvency in July 2012 and fully vacated the site in January 2013.

German solar company S.A.G. Solarstrom AG has filed for insolvency, making it the latest in a string of photovoltaic companies to buckle under intense international competition, The Wall Street Journal reported. Delayed cash inflows left the company in a liquidity squeeze, S.A.G. Solarstrom said Friday, and talks with banks, financial services providers and other creditors have been unable to secure the liquidity needed to guarantee the timely payment of liabilities. "Altogether, a sum of over €20 million ($27.5 million) is lacking.

SAG Solarstrom AG said that it would file for insolvency, becoming the latest casualty of a solar industry crisis that has claimed many of its peers over the last two years, Reuters reported today. The small German company, which builds and operates solar power plants, said today that talks with banks and creditors over refinancing the business had broken down. As a result it would make no interest payment on Dec. 16 for its 2010/2015 bond.

Eastern Germany's savings banks have written down their stake in stricken Landesbank Berlin (LBB) to 1 euro, the head of the association representing them said. "We have drawn a line under it in the hope that we're through now," OSV President Michael Ermrich told Reuters, adding that he did not expect a dividend from LBB in the next two to three years. On Friday, sources had told Reuters that Germany's savings banks would have to shoulder as much as 1.2 billion euros ($1.6 billion) in further writedowns on LBB, which is being dismantled into a savings bank and a real estate business.

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 million euros ($816 million) of debt to cut cash interest costs by more than 90 percent, Weiden, Germany-based ATU said in a statement today. The company was downgraded to ‘selective default’ by Standard & Poor’s after the deal was announced.

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, CarScoops.com reported. Fortunately, it seems that the management has found ways to escape death, as Wiesmann has posted a short statement on its website saying it has requested the court to end the bankruptcy procedure.

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," Felix Hufeld, head of insurance at German watchdog Bafin, told a conference at the University of Frankfurt late on Tuesday.