Brief: Deutsche Effecten- und Wechsel-Beteiligungsgesellschaft: impairment of DirectPhotonics Industries GmbH

Deutsche Effecten Und Wechsel Beteiligungsgesellschaft AG

07/10/2016 07:06

Oct 7(Reuters) - DEWB AG Deutsche Effecten- und 
Wechsel-Beteiligungsgesellschaft AG  EFFG.DE : 
    * Said on Thursday meeting of creditors of DirectPhotonics 
Industries GmbH had decided to sell all assets of the company to 
a third party bidder 
    * Die Deutsche Effecten- und 
Wechsel-Beteiligungsgesellschaft AG applied to the insolvency 
court to lift this decision 
    * If the decision is maintained by the court, ongoing 
negotiations of DEWB with other interested parties to jointly 
restructure DirectPhotonics Industries GmbH will fail  
    * As a result of the creditors' meeting DEWB will make a 
precautionary impairment provision of 2.568 million euros ($2.85 
million) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexD99q2a 
     
 Further company coverage:  EFFG.DE   
    
 
 
 
($1 = 0.8997 euros) 
 
 (Gdynia Newsroom) 
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