CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, announces that substantive entities of its investment Berndes have filed for insolvency today.
The involved entities are
- Berndes Beteiligungs GmbH
- Heinrich Berndes Haushaltstechnik GmbH & Co. KG
- and Heinrich Berndes Haushaltstechnik Verwaltungs GmbH.
Already in the past week, the high risk of insolvency had been communicated. It had initiated significant impairments at the level of CFC AG, so that today’s filing does not result in further losses. In the past months, CFC has also provided selected suppliers of its investment Berndes with guarantees. Here again, respective provisions have already been made. The utilization of these guarantees is probable, given the recent developments.
For the last days, the CEO has been in constructive talks with major creditors of CFC, where the funding is related to the investment Berndes. These talks, which currently proceed in a very positive direction, are intended both to allow Berndes a continuation of business, and also to ensure the going concern for CFC AG.
CFC Industriebeteiligungen AG
Jan Philipp Gieselberg
Tel: + 49 (0) 231 222 40 500