Leonardo Venture GmbH & Co. KGaA
Leonardo Venture: Portfolio company NanoCompound announces insolvency
Mannheim (euro adhoc) -
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investments
NanoCompound Holding AG has filed an application for the opening of insolvency proceedings with Aachen District Court. These proceedings concern both NanoCompound Holding AG and NanoCompound GmbH - both of which have their registered office in Germany. A provisional insolvency administrator has not been appointed yet. Currently the District Court is checking this application.
Leonardo Venture GmbH & Co. KGaA has held a share in the NanoCompound Group since May 2005. As detailed in the ad-hoc announcement of 19 November 2008, Leonardo Venture has already written off in full its 37.05% holding in NanoCompound. This step was necessitated by major problems in the company´s corporate and business development, which resulted the depletion of liquidity.
About Leonardo Venture GmbH & Co. KGaA
Leonardo Venture GmbH & Co. KGaA is a holding company focusing on companies in the fields of health and life quality in Germany and other German-speaking countries. As an early-phase investor Leonardo Venture not only makes available capital but also extensive know-how to its investments for their business development.
end of announcement euro adhoc
Further inquiry note:
Sandra Schwarz
Telefon: +49 (0)621 438 430 27
E-Mail: schwarz@leonardoventure.de
Branche: Financial & Business Services
ISIN: DE0005878763
WKN: 587876
Börsen: Börse Frankfurt / regulated dealing/prime standard