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Legal Proceedings Report • Jul 2, 2012

News Details

Corporate | 2 July 2012 15:00

CFC Industriebeteiligungen AG: substantive entities of Berndes Group have expactably filed for insolvency

CFC Industriebeteiligungen AG / Key word(s): Insolvency/Miscellaneous

02.07.2012 / 15:00

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Dortmund, July 2nd, 2012

CFC Industriebeteiligungen AG (ISIN: DE000A0LBKW6), Dortmund, announces
that substantive entities of its investment Berndes have filed for
insolvency today.

The involved entities are
- Berndes Beteiligungs GmbH

• Heinrich Berndes Haushaltstechnik GmbH & Co. KG

• and Heinrich Berndes Haushaltstechnik Verwaltungs GmbH.

Already in the past week, the high risk of insolvency had been
communicated. It had initiated significant impairments at the level of CFC
AG, so that today's filing does not result in further losses. In the past
months, CFC has also provided selected suppliers of its investment Berndes
with guarantees. Here again, respective provisions have already been made.
The utilization of these guarantees is probable, given the recent
developments.

For the last days, the CEO has been in constructive talks with major
creditors of CFC, where the funding is related to the investment Berndes.
These talks, which currently proceed in a very positive direction, are
intended both to allow Berndes a continuation of business, and also to
ensure the going concern for CFC AG.

Contact:

CFC Industriebeteiligungen AG
Westfalendamm 9
44141 Dortmund

Jan Philipp Gieselberg

phone: + 49 (0) 231 222 40 500
E-Mail: info@cfc.eu.com

End of Corporate News

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