MIFA: Sale & leaseback agreement for operating land and changes in Management Board

Sangerhausen, (PresseBox) - .
- Sale and leaseback of EUR 5.7 million of operating land
- Dr Stefan Weniger appointed as Management Board member for reorganisation and restructuring (CRO); Peter Wicht steps down from Management Board for health reasons

MIFA Mitteldeutsche Fahrradwerke AG (WKN share: A0B95Y, ISIN share: DE000A0B95Y8) is selling EUR 5.7 million of operating land to the regional and local authority of Mansfeld-Südharz. Beneficial ownership will remain with MIFA. MIFA will continue to use the land in its entirety, leasing it back on standard market terms as part of a sale & leaseback agreement. Since the ad hoc announcement of 20 March 2014, the Company has also reached agreements with essential business partners such as suppliers, customers, shareholders and other financing partners, that contribute to the further financing of the operating business.

In addition, former MIFA Management Board member Mr. Peter Wicht has relinquished his office as Management Board member with immediate effect for health reasons. The Supervisory Board today has appointed Dr Stefan Weniger as a further Management Board member of the company. Dr Weniger will be responsible for the reorganisation and restructuring areas (CRO - Chief Recovery Officer), joining fellow Management Board Hans-Peter Barth, who was appointed on 20 March 2014 as the Management Board member responsible for finance and administration. Dr Weniger, a lawyer and business administrator, is managing director of hww Unternehmensberater GmbH, which has ranked as one of Germany's leading corporate reorganisation consultancies for more than 35 years.

Press releases you might also be interested in

Subscribe for news

The subscribtion service of the PresseBox informs you about press information of a certain topic by your choice at a choosen time. Please enter your email address to receive the email with the press releases.

An error occurred!

Thank you! You will receive a confirmation email within a few minutes.

I want to subscribe to the gratis press mail and have read and accepted the conditions.