[ad_1]
The insolvent Waagner-Biro subsidiary, SBE, was legally closed contrary to previous information. 107 jobs in Vienna are lost. The parent company filed an insolvency application today.
Until now, there has always been talk of continuing at least part of the GSN. Now, employees have left their workplace Wednesday afternoon. "A week after the opening of the bankruptcy proceedings, the Vienna Commercial Court ordered the closure of the company at the request of the liquidator," KSV announced 1870. "The quick closure had become necessary because it There was no relevant cash at the time of the opening of the bankruptcy.This circumstance made it impossible to pursue the company. "
In fact, no free badets were available. The affected employees were already registered with the AMS. The SBE went bankrupt due to various customer payment arrears and technical problems. The technical problems would have been caused by a supplier of a large project in Russia. Earlier, Federal Chancellor Sebastian Kurz (ÖVP) also intervened. He was on the phone with the crown prince of Abu Dhabi about ungracious payments for a Louvre-Waagner-Biro construction project: brief phone call to Abu Dhabi.
Mohamed Somji
A famous Waagner-Biro project is the Louvre in Abu Dhabi
Bankruptcy of the daughter Reason of bankruptcy
Earlier, Wednesday, the parent company, Waagner-Biro AG, filed for bankruptcy. However, the business must be continued. The procedure has already been opened and a 20% quota will be offered to the 81 creditors within two years as part of a self-administered restructuring process. The AG affects 45 jobs and the Waagner-Biro group employs around 1,500 people.
According to Waagner-Biro AG, the bankruptcy complaint was due to the insolvency of the subsidiary SBE Alpha AG (formerly Waagner-Biro Stahl AG). The opening of the bankruptcy had effects not only on the applicant's balance sheet, but also on liquidity, since with SBE Alpha AG no additional charges could be levied. The SBE must also be continued – more on this in SBE Alpha, a subsidiary of Waagner-Biro, insolvent.
Renovator Grossnigg should take back her daughter
There was also news for another girl today: the reorganizer Erhard Grossnigg will take over the subsidiary Austria Stage Systems, subject to the agreement of the insolvency administrator, to ensure its durability, said Waagner-Biro. The purchase price of Austria Stage Systems is silent. According to APA research, Austria Stage Systems was to provide guarantees of nearly eight million euros to avoid bankruptcy. But she was not able to do that. But then, with Grossnigg, who provided the girl with considerable funds, he was able to provide the guarantees.
Sales discussions are also underway for the additional subsidiary Waagner-Biro Bridge Systems AG, for which special interest should exist. For this girl, however, one can expect a restructuring procedure to be requested.
Over-indebtedness of 22 million euros
The over-indebtedness of Waagner-Biro AG amounts to approximately 22 million euros. That of the SBE is around 44 million euros. There are 388 creditors at SBE. Waagner-Biro is the sole shareholder of Waagner-Biro Immobilienverwaltungs GmbH and Waagner-Biro Beteiligungsverwaltungs GmbH and one of the shareholders of WBB Stahl- und Maschinenbau AG, of Waagner-Biro Austria Stage Systems, of SBE Alpha AG and Waagner-Biro Bridge Systems AG.
The long-established company was founded in 1854 and is engaged in the management of holdings in the steel industry, bridges and special machinery. The individual divisions have been split into individual subsidiaries. Depending on the debtor, the parent company provides central services such as accounting and human resources.
Source link
