EDOB Abwicklungs AG

EANS-Adhoc: EDOB Abwicklungs AG (former ESCADA AG): ESCADA (UK) Ltd applies for opening of insolvency proceedings - subsequent sale of assets and business to Mittal Family Trust

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Munich/London,  December 4, 2009 - ESCADA (UK) Ltd, a 100 percent subsidiary of EDOB Abwicklungs AG (former ESCADA AG), filed a petition on December 2, 2009 with the competent insolvency court in London for insolvency proceedings to be opened. The petition follows as a consequence of insolvency proceedings being opened over ESCADA AG´s assets on November 1, 2009 in Aschheim/Germany. Jane Moriarty and Myles Halley of KPMG were appointed joint administrators of Escada (UK) Ltd on the same day.

The joint administrators immediately sold the assets and business of Escada (UK) Ltd to ESCADA UK Subco Limited, the wholly-owned subsidiary of the Mittal Trust which bought the principal assets and business of ESCADA AG from the German insolvency administrator on 5 November 2009.

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ots Originaltext: EDOB Abwicklungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Investor Relations
Yara Kes
Tel.:    +49 (0) 89 9944 1336
E-mail: yara.kes@de.escada.com

Frank Elsner Kommunikation für Unternehmen GmbH
Frank Elsner
Tel.: +49 - 54 04 - 91 92 0
Email: info@elsner-kommunikation.de

Branche: Clothing
ISIN:      DE0005692107
WKN:        569210
Index:    CDAX, Classic All Share, Prime All Share
Börsen:  Berlin / Open Market
              Hamburg / Open Market
              Stuttgart / Open Market
              Düsseldorf / Open Market
              Frankfurt / regulated dealing/prime standard
              München / regulated dealing

Weitere Meldungen: EDOB Abwicklungs AG

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