SolarWorld postpones financial statement under a debt cloud
SolarWorld AG has released a short statement announcing the postponement of its 2012 annual financial report. The company that led the trade disputes in both the USA and Europe has been facing financial difficulty for some time and recently let go the Chief Financial Officer.
The company states that due to the ongoing restructuring negotiations with its creditors, SolarWorld AG will postpone its pre-announced date of release on March 21, 2013.The Management Board is currently working on a restructuring concept with Görg law firm and Houlihan Lokey investment bank. Talks with creditors are proceeding constructively. As soon as the restructuring concept has been approved, SolarWorld AG will inform the public and present its annual group report at a press conference as well as at an analysts' conference.
