Elcoteq Network S.A. files for bankruptcy - parent to continue controlled management process
(Thomson Reuters ONE) -
Elcoteq SE
Stock Exchange Release
September 20, 2011 at 18.30 (EET)
Elcoteq SE's subsidiary, Elcoteq Network S.A.,which has been in charge ofthe
group's material purchases and customer invoicing in Europe, has today filed for
bankruptcy. Elcoteq Network S.A.'s payment transactions have been blocked as a
consequence of the revolving credit facility lenders' continued enforcement
actions. Therefore Elcoteq Network S.A.is no longer able to continue its
activities and has been forced to file for bankruptcy. The parent company,
Elcoteq SE, continues the controlled management process in Luxembourg.
ELCOTEQ SE
The Board of Directors
Contact:
Jean-Jacques Bernard, Senior Legal Counsel (Luxembourg), tel. + 352 2483 3215
About Elcoteq
Elcoteq SE is an experienced Life Cycle Service Partner in electronics with a
global network of service centers. Elcoteq provides a wide range of services to
original equipment manufacturers (OEM) and to service providers such as
operators, retailers and insurance companies.
Elcoteq's Electronics Manufacturing Services (EMS) Business Segment provides
global supply chain solutions such as Engineering and Manufacturing Services but
also technology and component Sourcing, custom Configuration, Testing, Delivery
and other product supply related Services. EMS products range from control and
security, communications infrastructure and lighting solutions to special
purpose mobile devices and home entertainment systems.
Elcoteq's After Market Services (AMS) Business Segment provides globally reverse
supply chain solutions for its customers consisting of Reverse Logistics, Depot
Repair, Refurbishment, Recycling and Salvaging Services as well as AMS specific
Engineering and Customer Support Services. AMS products range from mobile
phones, tablets, flat panel TV's and set-top boxes to personal navigation and
gaming devices.
Elcoteq SE is listed on the NASDAQ OMX Helsinki Ltd. For more information visit
the Elcoteq website at www.elcoteq.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Elcoteq SE via Thomson Reuters ONE
[HUG#1548358]
Unternehmensinformation / Kurzprofil:
Datum: 20.09.2011 - 17:30 Uhr
Sprache: Deutsch
News-ID 67867
Anzahl Zeichen: 2846
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Town:
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Kategorie:
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