Almost half a million containers from the P&R stocks are still sailing the seven seas. The money they generate is to be distributed to the creditors.
(Photo: Reuters)
Berlin The mega bankruptcy of P&R container sales from Grünwald was almost five years ago, but almost half a million containers from the group are still transporting goods across the seven seas.
Insolvency administrator Michael Jaffé from Munich intends to distribute part of the profits they make in the process to creditors in a second installment. As he announced on Thursday, 139 million euros are to be distributed in 86,000 transfers – probably before Christmas.
“So far, the creditors have received around 346 million euros back,” said Jaffé. The insolvency rate initially reached 12.5 percent in the two major proceedings (used containers Vertriebs- und Verwaltungs-GmbH and Container Vertriebs- und Verwaltungs-GmbH). In four insolvency proceedings of the German P&R container companies, claims totaling around 3.1 billion euros were found.
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