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Windtech International May June 2024 issue

 

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Senvion has announced that it has reached an agreement with its lenders which gives financial support for the continuation of its business until the end of August and potentially for a period thereafter if ongoing talks with lenders can be concluded successfully.
 
This agreement enables Senvion to further accelerate its M&A process in order to achieve results soon. Discussions with potential bidders are at an advanced stage.
 
As a contingency for an unsuccessful outcome to the company's efforts to sell Senvion as a whole, or substantial parts of it, the management has to prepare for all eventualities. To this end, management will shortly be meeting with employees' representatives to begin the negotiations regarding social plans and balance of interest schemes for all business areas or substantial parts of it if an investor cannot be found in time.
 
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