The German companys annual general meeting (AGM) was planned for August 14. However, due to its ongoing activities to save its business, the meeting will be held at a later date. As such, it has said it is not expected to take place until the end of 2012 or early 2013, since a reorganization plan must first be developed.
Centrotherm said this will have a significant impact on the further development of the company. For the same reason, it will also move the date of publication of its half-year financial figures, which was originally planned for August 9.
Following in the footsteps of Solarwatt AG, centrotherm is the second German photovoltaic company to file for self-administrative insolvency. It has three months to work on its reorganization plan.
Translated and edited by Becky Beetz.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.