Tous Actualités
Suivre
Abonner Vivacon AG

Vivacon AG

EANS-Adhoc: Four subsidiaries of Vivacon AG filed for insolvency

  ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
  adhoc with the aim of a Europe-wide distribution. The issuer is solely
  responsible for the content of this announcement.
18.06.2009
Four subsidiaries of the group of Vivacon AG (ISIN 000604 8911) filed
for insolvency at the local court in Cologne. The subsidiaries are 
Vivacon Immobilienportfolio XVI./2006 GmbH & Co. KG, Vivacon 
Immobilienportfolio III./2007 GmbH & Co. KG, Vivacon 
Immobilienportfolio V./2007 GmbH & Co. KG and Vivacon 
Immobilienportfolio VII./2007 GmbH & Co. KG. The reason is the 
illiquidity of the subsidiaries. There is liquidity gap, which cannot
be bridged in the short time according to current forecast of the 
management. The liquidity gap resulted from high vacancy rates of the
real estate assets due to the location.
The four subsidiaries are only focused on residential properties in 
Salzgitter and Kassel. Affected are almost 4,000 residential units of
approximately 10,000 residential units of the Vivacon group.
The insolvency was filed in the context of the current restructuring 
efforts and serve to safeguard liquidity of the Vivacon group. A 
well-known auditing company was mandated to prepare a restructuring 
opinion.
end of announcement                               euro adhoc

Further inquiry note:

Sven Annutsch

Tel. ++49(0)221 130 5621-630

Email: sven.annutsch@vivacon.de

Branche: Real Estate
ISIN: DE0006048911
WKN: 604891
Index: SDAX, CDAX, Classic All Share, Prime All Share, DAX
International 100
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / regulated dealing

Plus de actualités: Vivacon AG
Plus de actualités: Vivacon AG
  • 04.06.2009 – 16:06

    EANS-Adhoc: Vivacon AG sells five development projects

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. 04.06.2009 Vivacon AG (ISIN 000604 8911) has signed a purchase contract with an international investor about a part of its development business. The transaction should be implemented as of 30th June 2009. Condition ...

  • 29.05.2009 – 19:22

    EANS-Adhoc: Vivacon AG announces acute liquidity crises and restructures legal representatives

    ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. 29.05.2009 Against the background of the ongoing capital market crisis and the difficult market environment, Vivacon AG (ISIN 000604 8911) is in an acute liquidity ...

  • 31.03.2009 – 20:24

    EANS-Adhoc: Vivacon AG / Vivacon AG publishes preliminary group result for financial year 2008

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 31.03.2009 According to the preliminary unaudited figures, Vivacon AG (ISIN 000604 8911) expects a group net loss in the range of EUR 160 - 170 million for the financial year 2008. This result is mainly due to the depreciation of the residential ...