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JoWooD - Game Over
by Gorath, 2011-04-21 20:29:37
Several sources report that JoWooD's insolvency process is moving forward, unfortunately not in the desired direction.
- Negotiations with possible investors, and with them the intended restructuring plan, have failed.
- JoWooD pulls back the application to pursue a restructuring plan.
- Thereby the insolvency with a planned restructuring becomes an insolvency without a positive continuation prognosis.
- This means the liquidation proceedings will start shortly.
- The daughter company JoWooD Distribution Services GmbH files for insolvency on April 21st 2011.
- Trading of the JoWooD shares at the Vienna Stock Exchange has been suspended.