Regulatory News:
Petroplus Holdings AG (SIX: PPHN) today announced that it and its
subsidiary in Switzerland, Petroplus Marketing AG, filed for composition
proceedings ("Nachlassstundung”).
Petroplus also announced that its subsidiaries in Germany, Marimpex
Mineralöl-Handelsgesellschaft mbH, Petroplus Deutschland GmbH, Petroplus
Bayern GmbH, Petroplus Tankstorage Holding Deutschland GmbH and
Petroplus Raffinerie Ingolstadt GmbH, which owns the Ingolstadt
refinery, filed for insolvency proceedings. The Court today appointed
Jaffé Rechtsanwälte Insolvenzverwalter as administrator for the assets
of the above companies.
Petroplus further announced that its subsidiaries in France, Petroplus
Holdings France SAS, Petroplus Marketing France SAS, Petroplus Raffinage
Reichstett SAS and Petroplus Raffinage Petit-Couronne SAS, which owns
the Petit Couronne refinery, filed for rehabilitation proceedings ("redressement
judiciaire”). The Court today appointed FHB Administrateurs
Judiciaires as administrator for the assets of some of the above
companies.
Petroplus Holdings AG will provide further updates to the public as
needed and further information regarding the proceedings will be
provided on the Investor Relations section of our website at http://investors.petroplusholdings.com.
