Hess AG: Nordeon takes over business operations of Hess

Villingen-Schwenningen, (PresseBox) - .
- Nordeon acquires all shares, activities and employees of Hess effective 1st October, 2013
- Hess AG is liquidated in the course of the insolvency proceedings

Business operations of Hess AG Form + Licht were transferred to an association founded by NORDEON B.V. by way of an asset deal on 1.10.2013. Business operations are being continued with the company Hess GmbH Licht + Form. Furthermore, NORDEON B.V. has taken over the Hess associations in the USA as well as in Scandinavia by way of a share deal, i.e. through taking over the total shares.
The obtained purchase price in the context of the acquisition serves to satisfy insolvency creditors of Hess AG Form + Licht. There a hereby no payments accounting for the stocks. Hess AG initially remains as an empty coat through the disposition of business operations and is going to be fully liquidated in the course of the ongoing insolvency proceedings.
Provided that shareholders who acquired shares on the basis of the listing prospectus claim for damages, these will not be treated as subordinate debts of insolvency and will be paid according to the insolvency quota. A precise statement regarding the level of the insolvency quota cannot be made at this point.

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