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insolvency

Breaking: SolarWorld insolvent

Pioneering solar PV manufacturer SolarWorld AG is insolvent. The company announced today it is “over-indebted” and would immediately file an application for insolvency.

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AEG Power Solutions’ insolvency plan unanimously approved

All the creditors will have to provide a restructuring contribution in order to ensure the survival of the company. Once the insolvency plan is approved, the related insolvency proceedings will be closed.

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