Business News

Ad Hoc: schlott gruppe AG applies for commencement of insolvency proceedings

Tuesday 18. January 2011 - The Management Board of schlott gruppe AG (WKN 504630 / ISIN DE0005046304) has submitted an application to the District Court of Nuremberg for the commencement of insolvency proceedings on the grounds of financial insolvency and excessive indebtedness.

Subsequent thereto, an application was also submitted to the District Court of Nuremberg for the commencement of insolvency proceedings in respect of the German Group entities schlott GmbH, schlott Vertrieb GmbH, schlott logistik GmbH, u.e. sebald Druck GmbH, D.V.N. Druckverarbeitung Nürnberg GmbH, media2print GmbH, wwk Druck GmbH, broschek rollenoffset GmbH, broschek service GmbH, broschek tiefdruck GmbH and sebaldus GmbH on the grounds of financial insolvency and excessive indebtedness.
Initially, the aforementioned insolvency proceedings will not affect the foreign Group entities reus S.R.O. (Czech Republic) und hollmann S.A. (France). The obligation for the commencement of insolvency proceedings for the Dutch Group entities biegelaar B.V. and media2print B.V. is currently under examination.