Sovello Files For Insolvency, Plans To Restructure

Posted by SI Staff on May 15, 2012 No Comments
Categories : New & Noteworthy

Germany-based Sovello GmbH has filed for insolvency and requested that the court allow the company to restructure.

After exploring various options, the company concluded that it was unable to pay its debts, according to a German-language statement cited by Bloomberg.

Attorney Bernd Depping has been named the company's preliminary administrator.

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