Swiss solar panel maker Meyer Burger's largest customer DESRI terminates contract

Meyer Burger Technology AG

15/11/2024 11:10

Nov 15 (Reuters) - Meyer Burger  MBTN.S  on Friday said
its largest customer, DESRI  DESR.O , had notified the Swiss
solar panel maker that it would terminate its agreement with the
company with immediate effect. 
    Meyer Burger said it expects the termination will likely
"adversely affect" its financial restructuring efforts, saying
the company may no longer be able to operate if these were to
fail.
    Earlier today the Swiss stock exchange, SIX Swiss Exchange,
said it suspended the trading of Meyer Burger shares.
    The shares are now set to resume trading at 1130 GMT, SIX
announced. 

 (Reporting by Marleen Kaesebier; Editing by Rachel More)
 ((Marleen.Kaesebier@thomsonreuters.com;))