Energy - Creditors vote in favor of insolvency plan for gas trader Greengas
The creditors of the ailing gas trader BMP Greengas have given the green light for a takeover by the Leipzig-based natural gas trading group VNG. As VNG and the current shareholder EnBW announced in a joint press release on Tuesday, the creditors' meeting at Karlsruhe Local Court has approved the insolvency plan. At the beginning of August, BMP Greengas initiated insolvency proceedings under self-administration at Karlsruhe Local Court. The aim of the Munich-based company is to restructure itself and return to the market.
The current and potential future owners believe that this goal has been achieved through the insolvency plan. The result is in the interests of customers, suppliers and around 60 employees alike. "This will also prevent further distortions in the market for biomethane so that the market can continue to stabilize," it said. However, a corresponding decision by the local court is still pending, only then will the insolvency proceedings be concluded.
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Source: www.stern.de
