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The Essen restructuring court confirmed the financial restructuring plan of GERRY WEBER International AG in accordance with the provisions of StaRUG; the confirmation has taken legal effect on November 9, 2023. According to the planned financial restructuring, a delisting and full capital decrease is intended, followed by a cash capital increase by the new restructuring investor. The envisaged financial restructuring will lead to the withdrawal of all existing shareholders in accordance with StaRUG. The refinancing on the debt side shall include partly an economic prolongation and partly the waiver of claims against GERRY WEBER. The refinancing will allow the new debt investors to receive a contractual return on the level of the new restructuring investor in addition to their loan claims. Through the planned refinancing, GERRY WEBER will be significantly deleveraged, the imminent illiquidity will be eliminated and the financing will be secured until 2027.
Against this background, ValueTrust was engaged as an independent financial advisor to render a Fairness Opinion.> Show less