EANS-Adhoc: ALPINE Holding GmbH Efforts to reach an out of court restructuring
of the ALPINE Group have been terminated
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Financially Distressed Companies
18.06.2013
Efforts to reach an out of court settlement for the restructuring of ALPINE
Group have, contrary to expectations, and despite significant support by
financing partners and intensive efforts by the shareholder, not been successful
and thus been terminated. The management of ALPINE Bau GmbH is preparing to file
for reorganisation proceedings without self management ("Sanierungsverfahren
ohne Eigenverwaltung") and will shortly apply for the opening of such
proceedings. Due to these developments, insolvency proceedings of ALPINE Holding
GmbH are imminent.
In the course of these proceedings a concept has been developed by experienced
subject-matter-experts to save parts of the ALPINE Group and related employees
as well as subcontractors. This concept shall be assessed and implemented in the
next weeks by the competent administrators.
Further inquiry note:
Mag. Johannes Gfrerer
Konzernpressesprecher ALPINE Gruppe
Telefon +43 662 8582 286
johannes.gfrerer@alpine.atwww.alpine.at
end of announcement euro adhoc
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issuer: ALPINE Holding GmbH
Alte Bundesstraße 10
A-5071 Wals bei Salzburg
phone: +43 662 85 82
FAX: +43 1 610 79 - 275
mail: johannes.gfrerer@alpine.at
WWW: www.alpine.at
sector: Construction & Property
ISIN: AT0000A0JDG2
indexes:
stockmarkets: Regulated free trade: Wien
language: English