German Pellets files for insolvency

Source:
Handelsblatt/Fordaq
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After heavy financial difficulties in the last period, this news doesn't come as a surprise. German Pellets has today filed for insolvency at Amtsgericht Schwerin, Germany.

The information, as the German newspaper Handelsblatt reported earlier, was confirmed by the regional court. According to Handelsblatt, an insolvency under self-management is planned, with the supervision of a third party. 

Now it seems that the restructuring expert Frank Günther will take over the CEO position of German Pellets. Meanwhile the Munich consulting company One Square Advisors advised the company recently. 

 

 

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