Berlin-based Solon SE has filed an application for the opening of insolvency proceedings.
Over the past few months, the publicly traded company says it has engaged in ‘intensive efforts’ to achieve a financial restructuring by holding discussions with its investors, financiers and guarantors.
Negotiations for an amicable solution have failed, Solon continues. Therefore, an application for insolvency proceedings has been filed for the following Solon subsidiaries: Solon Photovoltaik GmbH, Solon Nord GmbH and Solon Investments GmbH.
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