Tag #Insolvency

Showing 61 to 65 of 65 results

taz.de

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Dec 4, 22:10

Northvolt Insolvency Threatens €600 Million in German Loan Guarantees

Northvolt, a Swedish battery manufacturer, declared insolvency, jeopardizing over €600 million in German and Schleswig-Holstein loan guarantees for its Dithmarschen factory; despite this, construction continues.

Northvolt Insolvency Threatens €600 Million in German Loan Guarantees

Northvolt, a Swedish battery manufacturer, declared insolvency, jeopardizing over €600 million in German and Schleswig-Holstein loan guarantees for its Dithmarschen factory; despite this, construction continues.

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How does Northvolt's insolvency affect the planned creation of 3,000 jobs in Dithmarschen?

Northvolt's insolvency highlights risks in government subsidies for large-scale industrial projects. The €600 million guarantee underscores the significant financial commitment to establishing domestic battery production. The Schleswig-Holstein government maintains cautious optimism, citing potential for reduced ultimate liability and indirect impact on the subsidiary building the factory.

faz.net

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Nov 14, 19:06

BC 007 Fails Long Covid Trial, Subsidiary Files for Insolvency

A clinical trial for the Long Covid drug BC 007 showed negative results, leading to the insolvency of the drug's German subsidiary.

BC 007 Fails Long Covid Trial, Subsidiary Files for Insolvency

A clinical trial for the Long Covid drug BC 007 showed negative results, leading to the insolvency of the drug's German subsidiary.

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What were the findings regarding the safety and tolerability of BC 007?

Berlin Cures stated that while BC 007 showed no evidence of being better than a placebo for Long Covid, it did prove safe and well-tolerated. Further analyses have not yet been conducted.

welt.de

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Nov 7, 19:06

Rising Insolvencies in Germany

A significant rise in insolvencies in Germany is prompting concerns, with experts attributing the increase to various factors beyond a simple economic downturn, including outdated business models and political uncertainty.

Rising Insolvencies in Germany

A significant rise in insolvencies in Germany is prompting concerns, with experts attributing the increase to various factors beyond a simple economic downturn, including outdated business models and political uncertainty.

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What is the current state of insolvencies in Germany?

Insolvencies in Germany are significantly increasing this year, with insolvency administrators warning that a prolonged political vacuum would worsen the situation.

welt.de

🌐 75% Global Worthiness

Nov 29, 02:04

German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis

Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.

German Non-Food Discounter Kodi Files for Insolvency Amidst Retail Crisis

Kodi, a German non-food discounter, filed for insolvency protection due to decreased consumer spending, rising costs, and intensified competition from domestic and international rivals; the company, with 238 stores and €130 million in 2023 revenue, aims to restructure under insolvency protection.

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What is the immediate impact of Kodi's insolvency on its employees and operations?

Kodi, a German non-food discounter with 238 stores and an online shop, filed for insolvency protection. This follows a trend of failing retailers in Germany, attributed to decreased consumer spending and increased costs. The company experienced a €16 million drop in revenue from 2022 (€146 million) to 2023 (€130 million), resulting in a €5.3 million after-tax loss.

news.sky.com

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Nov 10, 19:26

Thames Water's Financial Crisis

JP Morgan and Bank of America hire lawyers amid Thames Water's financial crisis, involving complex debt structures and potential nationalization.

Thames Water's Financial Crisis

JP Morgan and Bank of America hire lawyers amid Thames Water's financial crisis, involving complex debt structures and potential nationalization.

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What is the main conflict regarding Thames Water's financing?

A group of class B debtholders proposed a £3bn emergency financing plan as an alternative to a more expensive plan from class A bondholders, creating a conflict.

Showing 61 to 65 of 65 results