Meyer Burger Faces Debt Moratorium Amid Insolvency Challenges

Meyer Burger Group's Swiss entities have transitioned from a silent to a regular provisional debt moratorium. This decision affects Meyer Burger Technology AG, Meyer Burger Switzerland AG, and Meyer Burger Research AG, all based in Thun. The inability to secure a group-wide investor led to this step, with efforts to sell assets in Switzerland, Germany, and the U.S. ongoing. The Board of Directors believes rescuing the entire group is unlikely, aiming instead for a composition agreement that precludes liquidation dividends.

SIX Exchange Regulation AG's delisting proceedings for the company's shares will proceed unchallenged. Negotiations with potential rescuers faltered due to competitive pressures from Chinese imports and uncertain renewable energy policies in the U.S. and Europe. Insolvency procedures began in August for German operations, resulting in significant layoffs. In the U.S., Chapter 11 proceedings allowed asset sales worth USD 29 million.