Eurobike AG
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EUROBIKE files for insolvency
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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EUROBIKE files for insolvency
EUROBIKE AG (ISIN DE 000 570 6600, DE 000 540 8843), Düsseldorf, announces, that
it has filed today for insolvency at the court of Düsseldorf on grounds of
illiquidity. At the same time the subsidiary companies Hein Gericke Holding
GmbH, Hein Gericke Vertriebs GmbH and Paul A. Boy GmbH have filed for
insolvency, too.
The concrete offer of an investor has been declined. The injection of the
necessary funds and a waiver of the credit terminations could not be achieved.
The necessary restructuring and financing measures to secure the continuation of
the business can now possibly be implemented in the course of the insolvency
proceeding.
end of ad-hoc-announcement (c)DGAP 15.07.2003
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WKN: 570660; ISIN: DE0005706600; Index:
Listed: Amtlicher Markt in Düsseldorf und Frankfurt (Prime Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
151430 Jul 03
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