“Centrotherm is now afully independent and reorganised company again that enjoys long-term stablefinancing and positive future prospects," say Tobias Hoefer and Jan von Schuckmann, thetwo board members responsible for the reorganisation.
"We have done our reorganisation homeworkin a difficult market environment, and we are a strengthened and reliablepartner for customers and suppliers.”
Under the restructuring plan, the company’s capital structure will be bolsteredby converting unsecured creditors’ receivables into shares.
Centrotherm,
