The Green City Group sees itself as a holistic provider for the development, construction, financing and operation of renewable energy plants in Europe.
(Photo: dpa)
Berlin The insolvent Green City AG from Munich should live on. The provisional insolvency administrator Axel Bierbach announced on Monday that he saw good chances of success for a restructuring. The district court had previously appointed the lawyer from the Munich law firm Müller-Heydenreich Bierbach & Colleagues.
In a first statement, Bierbach announced that he wanted to continue the company and set up a “structured investor process”. “Green City AG operates attractive projects, has a very good reputation and has an extremely committed and competent workforce,” said Bierbach. Wages and salaries of the 120 employees are initially secured by the insolvency money.
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