Fimer launches sale proceedings under extraordinary administration

Fimer has launched a process to sell itself to new owners. Interested investors have until Aug. 31 to submit offers. From pv magazine Italy The administrators of Italian inverter manufacturer Fimer have launched proceedings for its sale. Under Italian law, extraordinary administration proceedings are used for large insolvent companies to protect assets and employees through continued or converted business activities. The sale process aims to identify parties interested in submitting binding offers for the unitary and inseparable transfer of the Fimer corporate complex to new ownership. "The procedure ...

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