Adler group rules out insolvency for troubled Consus unit

Adler SA

17/05/2022 08:39

DUESSELDORF, Germany, May 17 (Reuters) - German real estate
investor Adler Group  ADJ.DE  is looking at options to deal with
its troubled subsidiary Consus Real Estate, but rules out
winding down the unit, Adler Chairman Stefan Kirsten said on
Tuesday. 
    "We are working through potential restructuring plans,"
Kirsten said, referring to the real estate developer. "As a
matter of principle, I do not rule in or out any measures at
Consus -- apart from insolvency."
    

 (Reporting by Matthias Inverardi
Writing by Paul Carrel
Editing by Madeline Chambers)
 ((paul.carrel@thomsonreuters.com))