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SolarWorld starts insolvency proceedings
The management board of SolarWorld AG, after having conducted a diligent review, decided to file for insolvency proceedings.
The company decided that due to the ongoing price erosion and the development of the business, SolarWorld no longer has a positive going concern prognosis. The manufacturer is therefore over-indebted and obliged to file for insolvency proceedings. It is currently under evaluation if a respective obligation to file for insolvency proceedings is also given with regard to affiliated companies of SolarWorld AG.