Business
Adveo declares bankruptcy
November 14, 2018
The European office supplier has declared bankruptcy after various takeover attempts fell through. According to El Confidencial, the company has presented the declaration of insolvency to the National Securities Market Commission (CNMV). The most recent takeover talks were with Netherlands-based Staples Solutions, but these collapsed last month. Therefore, in order to clear the debt that […]
Adveo Deutschland cites pre-insolvency
November 13, 2018
The German-based division of Adveo Group International has announced that it is invoking a pre-insolvency protection mechanism which falls under German law. As Reuters reports, by invoking pre-insolvency protection, the company “can’t be claimed by its creditors during negotiations related to refinancing.” Companies can adopt this mechanism for a period of up to 3 months; […]
