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MBTN Meyer Burger Technology AG News Story

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Brief: Meyer Burger Technology Says It Has Decided To File For Bankruptcy Of Parent Company

Corrects wording

Oct 13 (Reuters) - MEYER BURGER TECHNOLOGY MBTN.S:

THE BOARD OF DIRECTORS BELIEVES THERE IS NO LONGER A REALISTIC CHANCE OF SAVING THE GROUP INCLUDING THE PARENT COMPANY

VIRTUALLY ALL SUBSIDIARIES ARE CURRENTLY UNDERGOING COMPOSITION OR INSOLVENCY PROCEEDINGS

ALL REMAINING ASSETS ARE TO BE USED FOR THE PARTIAL REPAYMENT OF OUTSTANDING LIABILITIES

IT IS OUT OF THE QUESTION THAT SHAREHOLDERS WILL BE ABLE TO RECEIVE A LIQUIDATION DIVIDEND OR COMPARABLE PAYMENT

Further company coverage: MBTN.S

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))

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