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
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Veuillez envoyer une copie de la publication à: KRONES AG
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