EQS-Adhoc
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Endor AG: Endor AG's business is taken over by CORSAIR
- Endor AG enters insolvency; proceedings initiated today.
- CORSAIR acquires Endor AG's business operations fully.
- Shareholders likely to receive no payments; liquidation ahead.
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EQS-Ad-hoc: Endor AG / Key word(s): Insolvency/Disposal Publication of inside information pursuant to Article 17(1) of Regulation (EU) 596/2014 on market abuse |
Endor AG's business is taken over by CORSAIR
Landshut, September 13, 2024 – Insolvency proceedings were initiated for Endor AG (WKN 549166 / ISIN: DE0005491666) by a decision of the Landshut insolvency court on September 13, 2024 under the file number IN 542/24. Lawyer Dr Hubert Ampferl, a partner at the law firm Dr Beck & Partner, was appointed as the insolvency administrator. CORSAIR (Nasdaq: CRSR) has acquired the business operations of Endor AG as part of an asset deal. The shares in the foreign subsidiaries will also be transferred. Additionally, CORSAIR will take over all active employment contracts of Endor AG. Endor AG will be fully liquidated as part of the insolvency proceedings and its stock market listing will be terminated shortly. Shareholders should expect not to receive any payments. The company’s real estate remains up for sale.
Notifying persons:
Dr Hubert Ampferl, insolvency administrator
Andress Ruff, CEO/CRO
Matthias Kosch, CFO
End of Inside Information
Information and Explanation of the Issuer to this announcement:
Contact:
Endor AG, Investor Relations
Tel.: +49(0)871-9221 222
E-Mail: investor_relations@endor.ag
Press and investor enquiries:
Jasmin Dentz, GFD Finanzkommunikation
E-Mail: dentz@gfd-finanzkommunikation.de
Peter Herkenhoff, GFD Finanzkommunikation
E-Mail: herkenhoff@gfd-finanzkommunikation.de
13-Sep-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Endor AG |
| E.ON-Allee 3 | |
| 84036 Landshut | |
| Germany | |
| Phone: | +49-(0)871-9221-122 |
| Fax: | +49-(0)871-9221-221 |
| E-mail: | ir@endor.ag |
| Internet: | www.endor.ag |
| ISIN: | DE0005491666 |
| WKN: | 549166 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| EQS News ID: | 1988227 |
| End of Announcement | EQS News Service |
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1988227 13-Sep-2024 CET/CEST
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