Real estate: Adler rescue blocked – bond investors vote against restructuring plan

Dusseldorf The top management of the Adler Group had invited the appropriate speaker. When the managers of the ailing real estate group stayed for two days at the four-star Hotel Precise Resort on Schwielowsee in Brandenburg in mid-November, they brought in a well-known motivational speaker. Antje Heimsoeth gave tips on dealing with setbacks and motivating employees. The title of her workshop: “Leading in difficult times”.

Management can now apply what they have learned in practice. Adler has suffered a setback in the fight against billions in debt. A group of bondholders blocked a rescue plan with which the group wants to free itself from the crisis that threatens its existence. In a vote, she denied him the required majority, as Adler announced on Tuesday afternoon.