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manroland files petition to initiate insolvency proceedings
December 01, 2011 | By PSA Newsdesk (based on a press release)
Key units to be restructured as debtor in possession; lawyer Dr Frank Kebekus appointed as general representative for the restructuring; financial auditor and tax consultant Werner Schneider appointed as provisional insolvency administrator. In a press release posted on its website on 25 November 2011, manroland AG stated that it filed a petition on the same day to initiate insolvency proceedings with the jurisdictional district court at Augsburg, after the negotiations with a potential investor failed on the home stretch. ...cont´d
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Packaging South Asia Magazine
Issue : Volume 6, Issue 4
PackagingSouthAsia.com is the online version of Packaging South Asia, in print as a monthly trade magazine since the beginning of 2007.
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