Meyer Burger secures additional financial resources
Keystone-SDA
This content was published on
January 20, 2025 – 08:53 2 minutes
DeutschdeMeyer Burger sichert sich zusätzliche finanzielle Mittel
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Read more: Meyer Burger sichert sich zusätzliche finanzielle Mittel
+Get the most important news from Switzerland in your inboxThe new agreement extends the maturity date of all tranches of the bridge financing from January 17 to February 14, 2025, and increases the total amount from around $40 million (CHF36.5 million) to $59.5 million, according to a statement issued by the company on Saturday.The company also announced that a takeover process had been launched with “one or more potentially interested third-party buyers”. If this process is unsuccessful, the alternative of a comprehensive restructuring remains. In the past four months, “significant progress” has been made in this regard.+ Meyer Burger replaces top management and cuts 200 jobsThe financial injection to stabilise the company was announced on December 6. The company began to falter after its largest client abruptly terminated the contract in November.+ China’s solar dominance will ‘push countries to adopt clean technologies’Translated from German by DeepL/ts