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© tom schmucker / dreamstime.com Electronics Production | December 14, 2011

Solon is insolvent

On December 13, 2011, Solon SE filed an application for the opening of insolvency proceedings.
"In the past few months, Solon SE had engaged in intensive efforts to carry out a financial restructuring. It held talks with investors, the financing banks and the guarantors. Today, the negotiations on an amicable solution failed. SOLON SE will now use the opportunities for a restructuring within the insolvency proceedings", a press release states.

An application for the opening of insolvency proceedings was subsequently filed for the following subsidiaries: Solon Photovoltaik GmbH, Solon Nord GmbH and Solon Investments GmbH.

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