Published on November 6, 2024 at 6:45 p.m. / Modified on November 7, 2024 at 06:55.
In difficulty since loans granted to its main shareholder were not repaid, PrimeEnergy Cleantech warned its investors on Wednesday that liquidation could no longer be avoided. The possibility of a debt relief, in which the company active in photovoltaics would have survived thanks to the liquidity generated by its subsidiaries, “does not make sense” in its case, we can read in the message from the general director. This possibility was the option favored by Bertrand Piccard, the former ambassador of PrimeEnergy Cleantech, who spoke to several hundred small investors on October 30 in Carouge (GE).
Internally, the company continues to evaluate its financial situation. An effort in which Zurich lawyer Sven Lüscher is participating, who recently joined the board of directors of four subsidiaries, such as Time revealed it on Tuesday. The objective is to obtain the financial results of the different entities and to produce an inventory which will be presented to the judge responsible for deciding whether the company goes bankrupt or not. It may take months for a file to be finalized, according to our information, particularly because some of the 15 subsidiaries are based abroad.
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