(Adds details) FRANKFURT, April 9 (Reuters) – Indebted German wind turbine manufacturer Senvion said on Tuesday it was filing for insolvency but was also continuing to look at new funding options and various potential investors had shown interest. The Hamburg-based company, which has more than a billion euros of debt, said it had applied for…
DetailsSenvion GmbH has filed for self-administered restructuring proceedings after refinancing discussions with lenders have so far not come to a positive conclusion. These preliminary self-administration proceedings relate to Senvion GmbH as well as its subsidiary Senvion Deutschland GmbH. The objective of the proceedings is to allow Senvion to proceed with the transformation process that was…
DetailsSub: Notice of 13th Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the 13th…
DetailsGREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–Apr 9, 2019–Empower Retirement is targeting the broad financial needs of American workers through a new student debt solution focused on both helping workers pay down debt and their employers who may want to help out. The new solution, which will be launched later this year, will be offered to workers saving…
DetailsGREENWOOD VILLAGE, Colo.–(BUSINESS WIRE)–Apr 9, 2019–Empower Retirement is targeting the broad financial needs of American workers through a new student debt solution focused on both helping workers pay down debt and their employers who may want to help out. The new solution, which will be launched later this year, will be offered to workers saving…
DetailsOffshore Marine Management Limited has engaged insolvency practitioner Smith & Williamson to seek creditors voluntary liquidation. OMM director Rob Grimmond has proposed creditors of the company nominate Richard John Lewis and Gilbert John Lemon of Smith & Williamson to act as joint liquidators. The appointment will be made following a resolution to wind-up the company…
DetailsThe logo of French banking group Societe Generale. Picture: AFP Societe Generale said Tuesday that it is launching two restructuring projects that could lead to up to 1600 jobs being cut from its global operations. The French bank said it plans to revamp its global banking and investor solutions businesses, and modify the organisational structure…
DetailsMemphis Goodwill plans to open its first Midtown re-sale store, in the former Rite Aid building at 1810 Unionby Aug. 1. Out of some miracle, the site on Union opened up,” said Tony Martini, president and chief executive of the nonprofit organization. “Weve been wanting to have a retail presence in Midtown a long,…
DetailsHistory: Muradel refocuses biofuel venture Adelaide scientists on the cup of biofuel breakthrough A regional energy start-up, which attracted millions from the Federal Government and was supported by local and interstate universities in its quest to develop a new industry creating hundreds of jobs, has been placed in voluntary administration. Whyalla-based Muradel, which described itself…
DetailsIn a new twist to the Reliance Communication (RCom) bankruptcy case, an appellate tribunal has said if insolvency proceedings are revived against the beleaguered telco firm, then Ericsson will have to pay back a large settlement amount it has received earlier. This observation was made by a two-judge bench, headed by Justice SJ Mukhopadhaya, of…
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