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Insolvency proceedings for Prokon commenced on 1 May

First value adjustments have been made for HIT loan

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Published in issue 22/2014
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The district court in Itzehoe (Germany) commenced insolvency proceedings on 1 May 2014 against Prokon Regenerative Energien GmbH, Itzehoe. In the opinion of the court, the company is over-indebted and insolvent. Debts of €391m contrast with liquid funds of approximately only €19m. Of the total former amount, ...

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