Listening: Swiss solar company Meyer Burger secures additional financing
The heavily troubled solar company Meyer Burger has secured additional financial resources. The bridge financing concluded to stabilise the Swiss company has been extended and increased. The company has also launched a takeover process.
This content was published on
2 minutes
Keystone-SDA
Deutsch
de
Meyer Burger sichert sich zusätzliche finanzielle Mittel
Original
The 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.
The 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.
This news story has been written and carefully fact-checked by an external editorial team. At SWI swissinfo.ch we select the most relevant news for an international audience and use automatic translation tools such as DeepL to translate it into English. Providing you with automatically translated news gives us the time to write more in-depth articles.
If you want to know more about how we work, have a look here, if you want to learn more about how we use technology, click here, and if you have feedback on this news story please write to english@swissinfo.ch.
Popular Stories
More
Swiss Abroad
An eye-opening guide to Switzerland’s ear-splitting sirens
This content was published on
Thomas Schinecker, CEO of Swiss pharma firm Roche, has dismissed fears that sales targets would be under threat by US tariffs.
This content was published on
Researchers are asking the Swiss public for help in naming two newly discovered Swiss fish species of the genus Barbatula.
Science alliance warns against Swiss government’s cost-cutting plans
This content was published on
An alliance of research and science institutions have warned of dire consequences if the Swiss government goes ahead with its austerity package.
Accidents during leisure time on the rise in Switzerland
This content was published on
IN 2024 more people had accidents during leisure time than in the previous year. Some 26% of all sports accidents happened playing football.
This content was published on
Apple's iPhones have gained further market share in Switzerland. Around half of all smartphone owners used a model from the US tech giant last year.
Switzerland receives poor marks in fight against public sector corruption
This content was published on
Switzerland is not improving in the fight against corruption according to the Corruption Perceptions Index published by Transparency International.
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.