Senvion: No Offers for Turbine Production

Wind Industry Profile of

M&A process is ongoing and focused on various profitable core business areas / Advanced offers have been received and are being finalised soon / Improved financial situation allows for the continuation of business activities over the timeline to conclude on the M&A process

Senvion today announced that it has received several advanced offers for various substantial core parts of its business. The company is entering final stages of the M&A process and will present the investor concepts to the creditors' assembly for a vote on 10 September 2019. The company has also put in place financial arrangements to secure ongoing business activities over the timeline to conclude on these offers, including wage and salary payments for all business units. With... ... More: Official Press Release Senvion

Keywords:

Senvion, core business, jobs, turbine, unit, offer, investor, M&A