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10 months ago
BRIEF-Heliocentris Energy Solutions applies for opening of insolvency proceedings
October 12, 2016 / 5:41 AM / 10 months ago

BRIEF-Heliocentris Energy Solutions applies for opening of insolvency proceedings

Oct 12 (Reuters) - Heliocentris Energy Solutions AG :

* Said on Tuesday application for the initiation of insolvency proceedings under own administration in order to restructure the company under its own management and control

* Reason is the liquidity gap caused by the significantly reduced revenue expectations. The required financing to close this gap could not be secured on time. Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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