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BBS Automotive technology puts insolvency application 06.02.2007 16:37:00
Schiltach (aktiencheck.de AG) - the BBS Kraftfahrzeugtechnik AG (ISIN DE0005196232/WKN 519623), a supplier of high-quality light alloy wheels, announced on Tuesday that she has put in the insolvency application 2nd February, 2007.
Although at the time of the application position still promising negotiations were led to the restoration of the solvency of the enterprise, reason was for the application position that the society had got in serious liquidity trouble and the end of the application term stood after ยง92 paragraph 2 of the stock law before the expiry.
However, the conversion of the draft failed on the night of 6th February, 2007 because of the opposition of one of the involved banks, although the society had put away for the financing banks for the purpose of the continuation of the financing securities. A rallying solution under factoring out of the concerning bank came about in the course of the today no more.
The stock of automotive technology BBS is quoted in Frankfurt nowadays consistently with 9.00 euros. (06.02.2007 / ac/n/nw)
To spring: Finanzen.net / Aktiencheck.de AG
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"It's a funny thing about a porsche... There's the moment you know you want one...
There's the moment you first own one... And for the truly afflicted there's a decade or two that passes in between." 02 911 Turbo Stage 4
Last edited by STEVE KOJASEVIC; 02-07-2007 at 01:43 PM.
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