BBS has registered insolvency

Is this the end?

Translated by Google

BBS automotive technology places 06.02.2007 16:37 to insolvency request: 00 Scold oh (aktiencheck.de AG) - the BBS automotive technology AG (ISIN DE0005196232/WKN 519623), an offerer of high-quality light alloy wheels, announced on Tuesday that it placed 2007 insolvency request on 2 February. Although to the time of the filing of an application still promising negotiations were led to the re-establishment of the solvency of the enterprise, was reason for the filing of an application that the society was guessed/advised into serious liquidity difficulties and the end of the request period after § 92 exp. 2 of the law on limited companies before the expiration. A solution for the re-establishment of the solvency of the enterprise appeared last, which should be carried by the big customers of the enterprise. The promises of the big customers to make the necessary liquidity available by larger Vorfälligkeits payments were also given. The conversion of the concept failed however at the night to 6 February 2007 because of the resistance of one of the banks involved, although the society had granted for the purpose of the continuation of the financing collateral to the financing banks. A catching solution under excluding the bank concerned did not come off in the course of the today's daily. The share of BBS automotive technology notes in Frankfurt at present invariably with 9,00 euro. (06.02.2007/ac/n/nw) Source: Finanzen.net/Aktiencheck.de AG

http://finanzen.net/aktien/aktien_detail.asp?AktieNr=12302

http://finanzen.net/news/news_detail.asp?NewsNr=482151

Don't worry

BMW-AG will bail them out