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Based on the current status of negotiations, it is safe to assume that a sale would permit the continued existence of the company’s three sites in Augsburg, Offenbach and Plauen. According to Schneider, talks with the individual bidders were complex and subject to intense time constraints.
The current offers will be submitted to the members of the creditors’ committee without any fixed expectations regarding the results. “I am working under the assumption that we will be able to reach an agreement with the creditors’ representatives and the banks providing collateral on Wednesday afternoon,” Schneider continued.
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