ABO Energy GmbH & Co. KGaA to Notify Restructuring Under StaRUG

ABO Energy GmbH & Co. KGaA plans to notify Frankfurt's Local Court about its restructuring project pursuant to the German StaRUG framework. The company's negotiations with major creditors have led to this decision, aiming for a comprehensive restructuring plan. The standstill agreement with creditors is set until November 30, 2026, with possible extension to December 21, 2026.

The restructuring plan involves reducing the company's share capital to zero and issuing new shares, excluding existing shareholders. ABO Energy will convert to a limited liability company, and several bonds will be replaced with subordinated recovery notes. Senior financing will partly be written off or extended until 2030, accompanied by new liquidity provisions. The company's stock exchange listing will be terminated, but daily operations remain unaffected.