DGAP-News
377
0 Kommentare
Expert confirms that application for insolvency proceedings against Ekotechnika GmbH is unfounded
377 
0 KommentareDGAP-News: Ekotechnika GmbH / Key word(s): Miscellaneous
Expert confirms that application for insolvency proceedings against
Ekotechnika GmbH is unfounded
31.07.2015 / 13:15
---------------------------------------------------------------------
Expert confirms that application for insolvency proceedings against
Ekotechnika GmbH is unfounded
- Expert assigned by the local court recommends rejecting the insolvency
application filed by Kollosal Salz GmbH i.I.
- View of the management and their legal counsel confirmed
Walldorf, 31 July 2015 - The management of Ekotechnika GmbH received the
report prepared by the expert assigned by the Heidelberg local court,
Tobias Wahl (Anchor Rechtsanwälte, Mannheim), for commenting. In his
report, the expert confirms that Ekotechnika GmbH is neither insolvent
within the meaning of section 17 InsO nor overindebted within the meaning
of section 19 InsO and that it is mostly likely that the company will
continue as a going concern. The expert therefore recommends that the
insolvency court reject the insolvency application filed by Kollossal Salz
GmbH i.I., headquartered in Bergheim, Austria, which has filed for
bankruptcy in the meantime.
This confirms the view of the management and their legal counsel. The local
court has stipulated a deadline until 12 August 2015 for the parties to
comment on the report.
With regard to the actions for annulment filed by Kollosal Salz GmbH i.I.
and others against the resolutions adopted by the bondholders' meeting, the
company has meanwhile initiated court release proceedings ("gerichtliches
Freigabeverfahren") and expects a positive release decision
("Freigabebeschluss") by mid-October 2015 at the latest. The latter is a
precondition for implementation of the resolutions adopted by the
bondholders' meeting of 6 May 2015.
The management of Ekotechnika GmbH continues to assume that the financial
restructuring of the company can be implemented as planned.
About Ekotechnika
Walldorf-based Ekotechnika GmbH is the German holding company of the
Ekoniva-Technika Group, the largest distributor of agriculture equipment in
Russia. The company's single most important supplier is John Deere & Co.,
the world's leading manufacturer in this field. In addition, Ekotechnika
sells equipment from another 11 market-leading manufacturers. Its main
business is in selling new equipment such as tractors but also milking
equipment and precision farming technology. In addition, the company sells
spare parts and provides service and maintenance. Ekotechnika's founder and
main shareholder is Stefan Dürr, who has been active in the Russian farming
sector since the late eighties and has been instrumental in its
modernisation over the past two decades. In 2011 the equipment business was
separated from the farming business, which now operates independently under
the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming
regions, Ekotechnika today employs around 545 people and generates sales of
EUR 171 million in 2013/2014.
Contact
Ekotechnika GmbH // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49
(0) 6227 3 58 59 60 // E: info@ekotechnika.de // www.ekotechnika.de
Media / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E:
presse@ekotechnika.de
---------------------------------------------------------------------
31.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info@ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A1R1A18
WKN: A1R1A1
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart (bondm); Open Market
in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
382729 31.07.2015
Expert confirms that application for insolvency proceedings against
Ekotechnika GmbH is unfounded
- Expert assigned by the local court recommends rejecting the insolvency
application filed by Kollosal Salz GmbH i.I.
- View of the management and their legal counsel confirmed
Walldorf, 31 July 2015 - The management of Ekotechnika GmbH received the
report prepared by the expert assigned by the Heidelberg local court,
Tobias Wahl (Anchor Rechtsanwälte, Mannheim), for commenting. In his
report, the expert confirms that Ekotechnika GmbH is neither insolvent
within the meaning of section 17 InsO nor overindebted within the meaning
of section 19 InsO and that it is mostly likely that the company will
continue as a going concern. The expert therefore recommends that the
insolvency court reject the insolvency application filed by Kollossal Salz
GmbH i.I., headquartered in Bergheim, Austria, which has filed for
bankruptcy in the meantime.
This confirms the view of the management and their legal counsel. The local
court has stipulated a deadline until 12 August 2015 for the parties to
comment on the report.
With regard to the actions for annulment filed by Kollosal Salz GmbH i.I.
and others against the resolutions adopted by the bondholders' meeting, the
company has meanwhile initiated court release proceedings ("gerichtliches
Freigabeverfahren") and expects a positive release decision
("Freigabebeschluss") by mid-October 2015 at the latest. The latter is a
precondition for implementation of the resolutions adopted by the
bondholders' meeting of 6 May 2015.
The management of Ekotechnika GmbH continues to assume that the financial
restructuring of the company can be implemented as planned.
About Ekotechnika
Walldorf-based Ekotechnika GmbH is the German holding company of the
Ekoniva-Technika Group, the largest distributor of agriculture equipment in
Russia. The company's single most important supplier is John Deere & Co.,
the world's leading manufacturer in this field. In addition, Ekotechnika
sells equipment from another 11 market-leading manufacturers. Its main
business is in selling new equipment such as tractors but also milking
equipment and precision farming technology. In addition, the company sells
spare parts and provides service and maintenance. Ekotechnika's founder and
main shareholder is Stefan Dürr, who has been active in the Russian farming
sector since the late eighties and has been instrumental in its
modernisation over the past two decades. In 2011 the equipment business was
separated from the farming business, which now operates independently under
the name Ekosem-Agrar. Operating 12 locations in attractive Russian farming
regions, Ekotechnika today employs around 545 people and generates sales of
EUR 171 million in 2013/2014.
Contact
Ekotechnika GmbH // Johann-Jakob-Astor-Str. 49 // 69190 Walldorf // T: +49
(0) 6227 3 58 59 60 // E: info@ekotechnika.de // www.ekotechnika.de
Media / Investor Relations
Fabian Kirchmann // IR.on AG // T: +49 (0) 221 9140 970 // E:
presse@ekotechnika.de
---------------------------------------------------------------------
31.07.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Ekotechnika GmbH
Johann-Jakob-Astor-Str. 49
69190 Walldorf
Germany
Phone: +49 (0) 6227 3 58 59 60
E-mail: info@ekotechnika.de
Internet: www.ekotechnika.de
ISIN: DE000A1R1A18
WKN: A1R1A1
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Hanover, Munich, Stuttgart (bondm); Open Market
in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
382729 31.07.2015
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken1 im Artikel enthaltener WertIm Artikel enthaltene Werte
Auch bei Lesern beliebt
