Conergy says recent promising negotiations over the entry of a strategic investor into its capital had not been approved in time by a consortium of banks.
At the same time, the company says it unexpectedly wasn’t paid for a large project, which led to the insolvency of its Mounting Systems and Conergy SolarModule subsidiaries.
Conergy shares, already apenny-stock before the insolvency news, plunged 67% to €0.118
