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Business-continuation solution achieved for Kern sawmill

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Published in issue 15/2012
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At the beginning of April, a continuation solution was found for the insolvent Austrian sawmill K. u. P. Kern KG, Waldbach. According to the “Kreditschutzverband von 1870” (KSV 1870), creditors approved a rescue plan on 2 April 2012. That plan was confirmed by the insolvency court and sets a cash payout quota of ...

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