Brief: Endor Says Files For Insolvency, Assumes CORSAIR Is Still Interested In Acquiring Co
30/07/2024 22:05
July 30 (Reuters) - Endor AG E2NG.D :
* EQS-NEWS: ENDOR AG FILES FOR INSOLVENCY
* REORGANISATION ACCORDING TO STARUG FAILED
* BUSINESS OPERATIONS WILL CONTINUE WITHOUT RESTRICTIONS
* OPEN-ENDED PROCESS TO TAKE OVER COMPANY STARTED
* CONFIDENT THAT COMPANY WILL BE TAKEN OVER BY AN INVESTOR
IN
COURSE OF INSOLVENCY PROCEEDING
* MANAGEMENT BOARD ASSUMES THAT CORSAIR IS STILL INTERESTED
IN
ACQUIRING ENDOR AG
* LENDING BANKS HAVE ALSO REJECTED FURTHER FINANCING DUE TO
OVER-INDEBTEDNESS.
Source text for Eikon: ID:nEQb5NBlda
Further company coverage: E2NG.D
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