arizona bankruptcy
Transcription
arizona bankruptcy
Presseinformation Press release Bulletin de presse Boletín de prensa Ad-hoc release Krones sees possibility of resolving US proceedings Neutraubling, Germany, 15 October 2012 – The US company of the Krones Group, Krones Inc. in Franklin/Wisconsin (USA), and Krones AG, Neutraubling, Germany, see a possibility of resolving the legal disputes running in the US since October 2008 within the framework of the ongoing settlement talks. The subject-matter relates to proceedings involving various parties in the US. The proceedings related to the financial scandal involving the bankruptcy of the US company LeNature’s, whose senior management have meanwhile been convicted and sentenced for fraud. During the period 2005/2006, Krones had produced, delivered and successfully commissioned filling lines for Le-Nature’s facility in Phoenix/Arizona (USA). In view of how the settlement talks have proceeded, and against the background of possible risks arising from proceedings in the US, Krones finds it prudent to increase the existing provision by USD 53 million in the 2012 business year. As things stand at present, Krones sees good chances for concluding the settlement negotiations on this basis within a reasonable time frame. Your contact person: Olaf Scholz Head of Investor Relations KRONES AG Tel.: +49 9401-70 1169 Email: [email protected] KRONES AG Press Dept. Böhmerwaldstrasse 5 Telephone 93073 Neutraubling Telefax Germany Email Internet +49 9401 70 2222 +49 9401 70 3496 [email protected] www.Krones.com Beleg erbeten an: KRONES AG Please send a copy of publication to: KRONES AG Veuillez envoyer une copie de la publication à: KRONES AG Sírvanse enviar una copia de la publicación a: KRONES AG