APRIL 02 2013
The solar energy industry has undergone a dramatic deterioration, which has had a very negative impact on SiC Processing and its customer base.
As previously communicated SiC Processing GmbH entered into debtor-in-possession proceedings under self-administration in accordance with section 270b of the German Insolvency Code (Insolvenzordnung) in December 2012.
Pursuant to a resolution at a creditors' meeting on April 2, 2013 the self-administration ceased and normal insolvency proceedings were initiated.
Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Phone: +46 8 440 50 69