Finance Archives - Bitkimo https://bitkimo.com/category/finance Thu, 04 May 2023 07:50:18 +0000 en-US hourly 1 https://wordpress.org/?v=6.2 Judge at the coburg regional court had to speak up https://bitkimo.com/judge-at-the-coburg-regional-court-had-to-speak-up.html https://bitkimo.com/judge-at-the-coburg-regional-court-had-to-speak-up.html#respond Thu, 27 Apr 2023 12:04:23 +0000 https://bitkimo.com/?p=5066 At some point, judge jana huber had enough: "geht’s noch. That’s not adult or cool, that’s stupid kindergarten stuff", the presiding judge at the coburg regional court replied to a witness. Previously, the latter had not only tried to provide the defendant with an alibi and had become increasingly entangled in implausible declarations during the […]

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Judge at the coburg regional court had to speak up

At some point, judge jana huber had enough: "geht’s noch. That’s not adult or cool, that’s stupid kindergarten stuff", the presiding judge at the coburg regional court replied to a witness.

Previously, the latter had not only tried to provide the defendant with an alibi and had become increasingly entangled in implausible declarations during the statements.

Slot machines and light systems

After all, the accusations are no small matter. The 31-year-old defendant is accused of breaking into various bars and discotheques in neustadt, kronach and the surrounding area from the beginning of 2018 to the beginning of 2019 together with a friend at the time. Slot machines were broken into, light and sound equipment as well as trusses for the stage were stolen.

The man from coburg, who has himself run a discotheque and a burger store for a time, is said not to have joined the company himself, but to have kept a constant watch.

After the two alleged perpetrators got into a fight in a restaurant in neustadt, the accused allegedly pushed his accomplice to the ground, choked him on the neck and kicked him.

Waived their own share

Together they are said to have taken loot worth around 16,000 euros. Most of the cash was shared between the two, as the alleged co-defendant in another trial testified. He got no benefit from the advice.Time and again, the witness told the court, he got involved in helping his old school friend. His money problems are said to have been the deciding factor. In some cases he had waived his share of the money. "He was my friend, that was the only reason for me", the trained machinist said.

Then it came to the quarrel and fisticuffs. The accused, who already had a criminal record, went straight to the police and not only confessed to the crime, but also reported the bodily injury to his former friend.

"The accused will defend himself in silence", his attorney andreas kittel announced at the outset. That is, also to the question of whether and to what extent he was involved in the deeds, he said nothing.

Kittel tried to work out the credibility of the witness and his possible motives with a sharp questioning.

So he exposed the alcohol consumption, aggressive behavior and two suicide attempts, which should just put the fisticuffs in a new light. In the course of the trial, others wanted to exonerate the defendant. At times he lived together with his then accomplice. Friends of the defendant who were called as witnesses also lived in the same house.

Their testimonies, however, were the ones that judge and prosecutor carolin eckert brought up. One of the witnesses gave the accused – admittedly – a quick and exact alibi, and was even able to prove it with a calendar entry on his cell phone. However, this was the only entry he had made in it.

It took him a long time to admit that he had arranged his statements about the dates in advance. The following witness also had to be led with difficulty by the judge to give a truthful statement. In the meantime, it got loud in the courtroom. Even the accused had to be reminded of the house by the chairwoman. Kittel only referred to his pladoyer.

So it is up to the court to unravel the intricacies of former and continuing friendships. The hearing will be continued this wednesday.

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Finance committee supports fc habfurt https://bitkimo.com/finance-committee-supports-fc-habfurt.html https://bitkimo.com/finance-committee-supports-fc-habfurt.html#respond Fri, 14 Apr 2023 09:52:27 +0000 https://bitkimo.com/?p=4981 The FC habfurt would like to have a "public viewing" at seven games during the final round of the soccer world championship next year to host the event in its stadium. In addition he receives from the city habfurt a subsidy of 5000 euro. A few years ago, the city of habfurt itself had once […]

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finance committee supports fc habfurt

The FC habfurt would like to have a "public viewing" at seven games during the final round of the soccer world championship next year to host the event in its stadium. In addition he receives from the city habfurt a subsidy of 5000 euro.
A few years ago, the city of habfurt itself had once considered such an event on the marketplace, but refrained from doing so because of the cost risk. As a result, the goller brewery in zeil broadcast the german national team's matches in the 2014 soccer world championship and the 2016 european soccer championship on its premises.

Search for sponsors

Because there is no "public viewing" next year if the stadium is to be used for more matches, the FC habfurt would like to step into the breach and give football fans the opportunity to watch the matches in the stadium in the company of like-minded people. But the club has calculated in advance costs of about 77720 euros and is now in the industry and the business world in habfurt on the search for sponsors. He has therefore applied for a grant of 5,000 euros from the city of habfurt.
However, the habfurt city council and the chamber of commerce proposed to the finance and main committee of the city council that no fixed subsidy be granted to the association. Rather, a loss participation of 5000 euros should be made available, since a city subsidy was not necessary in the event of a surplus.

Basic capital necessary

However, the council members took a completely different view in the discussion, in which councilman manfred stuhler, as chairman of the FC habfurt, was excluded, as he was during the decision-making process. "We are the county seat and now have the chance for such a commendable event. But the FC first needs a certain amount of basic capital to get out of the starting blocks", both michael schlegelmilch and michael zehe emphasized that the. "The grant should therefore be worth it to us!"
Stephan schneider also found that the start-up costs had to be covered. "We should be glad that an association is working for the broadcasting of the games, after we as a city have not been able to do it", he said.
For michael weber it was clear: "this is a great story, and habfurt will gain in image as a result. We should not wait for a possible loss first. Because if all possible sponsors think like this, there will be no 'public viewing'." In addition, the 1. FC with his hard-working helpers also in the case that a surplus is earned, the subsidy deserves.

A courageous vote

After norbert geier had also pleaded for the subsidy without conditions, all city councils unanimously agreed to the subsidy of 5000 euro.
Afterwards, manfred stuhler emphasized: "I will not sign without having covered at least 80 percent of the costs first."

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Corona unity over:bundesliga fight for billions https://bitkimo.com/corona-unity-over-bundesliga-fight-for-billions.html https://bitkimo.com/corona-unity-over-bundesliga-fight-for-billions.html#respond Thu, 06 Apr 2023 16:45:48 +0000 https://bitkimo.com/?p=4896 In the joint corona struggle for existence, german pro soccer jerked together by a huge amount, but the solidarity cuddling course is already over again in the billion-dollar business. No sooner had DFL boss christian seifert announced the payout of 4.4 billion euros from the TV rights for the 2021/22 to 2024/25 seasons than the […]

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Corona unity over:bundesliga fight for billions

In the joint corona struggle for existence, german pro soccer jerked together by a huge amount, but the solidarity cuddling course is already over again in the billion-dollar business.

No sooner had DFL boss christian seifert announced the payout of 4.4 billion euros from the TV rights for the 2021/22 to 2024/25 seasons than the bundesliga clubs were getting into position for the rough fight for the money.

The top clubs in international demand, such as subscription champion bayern munchen or pursuer borussia dortmund, want to continue collecting their millions according to the league’s previous distribution formula. "In germany, there is a very solidary, balanced distribution of TV money: the champion receives twice as much TV income as the team at the bottom of the table," bayern boss karl-heinz rummenigge told the "handelsblatt" newspaper.

BVB managing director hans-joachim watzke also thinks nothing of a new distribution key. The "status quo" is correct, he told the newspapers of the "funke mediengruppe" and emphasized: "if you try to weaken the draught horses of the league, then you weaken the whole league."

The "little ones" in the industry see things quite differently. In the future, they want to get a bigger slice of the already shrunken pie – especially with the loss of eurosport, which will be short up to 150 million euros in the next season. "I think that everyone has understood by now that it would also be good if a generation of children grew up that didn’t only experience bayern munchen as champions," werder bremen’s managing director klaus filbry told the "weser-kurier" and demanded: "we have to focus on the distribution of national and international media lots in order to achieve a fair competition with integrity."

For all clubs, the uncertain situation caused by the ongoing coronavirus pandemic is an enormous challenge. Seifert therefore expects a very intense debate in the coming weeks. The german soccer league’s executive committee meets this wednesday to discuss the near future of corona and the upcoming distribution of funds.

Seifert described the discussion about this as "just as strenuous" as the negotiations with the media partners, which – probably also because of the corona crisis – this time brought in around 240 million euros less than in the current rights cycle. What he meant by that was immediately clear from a look at the first reactions of the clubs. Although the positive result of the DFL was praised throughout. But opinions differ widely on what should happen with the money now.

Like filbry, fortuna dusseldorf’s chief executive thomas rottgermann calls for redistribution. "We have been talking for years about the widening gap between the clubs, but we are doing nothing about it. The crisis has held up a mirror to us, and now is the time to make a change. We don’t need a money distribution that cements the current situation," the 59-year-old said. It would be a mistake to continue to provide the top clubs with money in order to demand international competitiveness.

In the 2018/19 season, bayern munchen, as the league’s crosus, received 65.4 million euros from national rights exploitation, more than two and a half times as much money as the dusseldorf team, which collected around 25 million euros. Jan lehmann, CFO of FSV mainz 05, fears that the slight drop in TV money will have a harsher impact "especially on the smaller clubs, which, like us, are relatively more dependent on media revenues than on other income.

In the current cycle, there are four pillars for the distribution of TV money. At 70 percent, and thus by a wide margin the most, a national funf-year ranking, in which the past season has the roughest weight, pays off. The champion receives 5.8 percent of the prize money, while the last-place finisher receives 2.9 percent. The factors of sustainability (5 percent), young talent (2 percent) and competition (23 percent) also play a role.

Many of the consequences that the smaller clubs in particular are denouncing have become clearly visible in the past few years of the bundesliga. In addition to perennial champions bayern (eight titles in a row), the same clubs – dortmund, leverkusen, schalke, leipzig and gladbach – usually play for champions league qualification. It seems almost impossible to establish yourself in the bundesliga as a long-standing second division club. Furth, braunschweig, paderborn, ingolstadt, darmstadt and nurnberg were relegated in the past decade, at the latest in the second year of the bundesliga.

Above all the demands for change, there is still a great deal of uncertainty about corona. With the rapid continuation of the season, a worst-case scenario has been averted for the time being, but the danger is far from over. Can the new season continue in september?? May have to be interrupted again? When will the clubs be allowed to let their fans into the stadium again, and what kind of spectator revenue can be planned for?? All these questions are open.

As in the negotiations with the current and future TV partners sky, DAZN, ARD and ZDF, the talks with the 36 first and second league teams will also depend on seifert’s skill. "I would like the discussions to be conducted with decency and vision," said the DFL boss. "Whether this should be based solely on whether someone has won the championship eight times in a row remains to be seen. That is certainly not the only criterion."

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Criticism also comes from kulmbach’s base https://bitkimo.com/criticism-also-comes-from-kulmbach-s-base.html https://bitkimo.com/criticism-also-comes-from-kulmbach-s-base.html#respond Tue, 28 Mar 2023 08:44:37 +0000 https://bitkimo.com/?p=4802 Helga eber from mainleus clearly says "no" on christian wulff’s honorarium: "he resigned dishonorably, no matter how you look at it." In principle, however, she considers high pensions for politicians to be justified because of their heavy workload "if they do their job properly". The mainlander does not agree that the outgoing president should possibly […]

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Criticism also comes from kulmbach's base

Helga eber from mainleus clearly says "no" on christian wulff’s honorarium: "he resigned dishonorably, no matter how you look at it." In principle, however, she considers high pensions for politicians to be justified because of their heavy workload "if they do their job properly". The mainlander does not agree that the outgoing president should possibly receive further special benefits such as an office and a chauffeur: "what duties does wulff have now??"

Helga eber understands the cancellation of the ex-presidents for today’s cone ceremony.

Although she is rather critical of christian wulff, she wants to watch the broadcast of the ceremony – even if it all leaves a "bitter taste" for her have. Eber expects joachim gauck to "represent the people, independent of the parties".
Whether she’ll watch the tv broadcast tonight, female renate olivier doesn’t know yet. In kasendorf’s opinion, christian wulff has definitely earned himself a tap, which is why she considers the former federal president’s absence to be wrong. In the last few months, there has been a real hounding of the german president, which the kasendorfer woman does not appreciate: "after all, even a politician has a private life."
Although the woman concedes the honorary salary to the outgoing federal president, she questions whether wulff needs a company car with a chauffeur: "after all, he is no longer federal president."
The statement that the high office was damaged was not signed by olivier in this form: "it sounds as if this office was completely pointless – and that’s not true."

Joachim gauck is neutral: "we’ll see if he does it better."

For the artist nicki lang from kulmbach, an honorary salary is not appropriate in view of the short time in office and the general appearance of the outgoing federal president: "it is, after all, intended to honor his work."
The tap has something to do with honor for lang, which is why he considers this point problematic. "What is certain is that wulff’s prank has further fueled the debate." He thinks the absence of the ex-presidents is a good thing: "it helps prevent further damage to the office." All in all, nicki lang sees the intensive discussion in the media as sensible: "the basis of the population thinks about politics this way," he says with a grin."
The kulmbach resident has not yet been able to form a clear opinion of gauck, but based on the impressions he has received so far, he considers him "almost tailor-made".

Karl unger from thurnau has "too little time" for the television broadcast of wulff’s coup d’etat.

For a term of office of 20 months such an event would not be justified anyway.
The thurnauer has a clear opinion on the subject of the honorary salary: "wulff is not entitled to it. If he has character, he will not accept it or donate it." The former german president had himself advocated a change in the honorary salary regulation, now he must stand by it. Unger also considers the provision of an office and other additional benefits to be superfluous: "he surely has a private office himself, there is no need to spend additional money on that. I wonder how long the taxpayer will continue to keep still." Thurnauer questions whether the office of federal president is necessary at all. In his opinion, joachim gauck is "all right", unger, however, would like to have a younger president: "otherwise we will need a new one in six years."

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Children get involved in “christmas in a shoebox https://bitkimo.com/children-get-involved-in-christmas-in-a-shoebox.html https://bitkimo.com/children-get-involved-in-christmas-in-a-shoebox.html#respond Wed, 15 Mar 2023 14:06:06 +0000 https://bitkimo.com/?p=5110 Plus animals, a lego car, sweets and lots of warm things. The girls and boys pack the gifts in the brightly colored shoeboxes and hope that they will bring joy to poor children. "When it comes to st. Martin and sharing with those in need, we explained to the children that there are also children […]

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Plus animals, a lego car, sweets and lots of warm things. The girls and boys pack the gifts in the brightly colored shoeboxes and hope that they will bring joy to poor children. "When it comes to st. Martin and sharing with those in need, we explained to the children that there are also children in this world who are not so well off", tells educator cordula altmann.

The "christmas in a shoebox" campaign was a good occasion to fill the topic with life. The "children"s oasis this year is the first time that machtilshausen has taken part, and leader michaela warmuth is delighted with the successful premiere. "In this way, we too can make our small contribution", she emphasizes. There are four age groups at the facility, and each group donates a cardboard box. The prizes were sponsored by the children"s parents.

The densch family from machtilshausen has been involved in the campaign for needy children in eastern europe for nine years now. At that time, they were the first in the old district of hammelburg. "I got a flyer from a friend and we finished two boxes", dieter densch remembers the beginnings. Densch subsequently became more intensively involved with the subject and then also declared his willingness to accept boxes. "In the beginning there were maybe 30, the next year there were already 50, and finally we ended up with more than 300", reports the employee of the city administration.

Over 3000 flyers distributed
But the steadily growing response did not come on its own. Dieter densch has been doing a lot of advertising, asking the media for help and distributing flyers to schools and kindergartens, among other places. "This year alone there were over 3000 flyers", he reports. Commitment to "christmas in a shoebox is a matter close to his heart. "Children are given presents, some of whom have never received a present in their lives", makes the man clear.

In contrast to donating money to a charitable organization, the donor also sees what he is doing to make the children happy. "The head of the collection center, wolfgang schnepf, has already been present at the handover of the gifts and afterwards reported on the shining eyes of the children", says dieter densch. Some of the donors have also received thank-you letters from children. If you pack a shoebox, you can add your address to it.

"That's when you know that the help is getting through", underlines densch. His children are also eager to help. Christina (12), maximilian (8) and lukas (6) pack their own boxes, even paying for the gifts out of their pocket money.

Rough praise for commitment
Eva Albert has also been a donor for many years. "I myself have two grandchildren who are doing well. Other children should also get something out of the prosperity here in the country, she explains her motivation. The hammelburgerin supports therefore also the action "sube surprises" the kolping family and a sponsored child in a developing country. Your express praise for dieter densch's efforts. "I think it's good how he's been involved for years", affirms eva albert.

When a large pile has been collected, the densch family brings the packages from diebach and machtilshausen to fuchsstadt. Three years ago, the reis family agreed to set up a central collection point for the campaign. Bettina reis has been packing bags together with her sprouts for eight years now. "I think it's important to make children understand that not everyone is as well off as we are here in germany and that we should also think about the weak and the poor.", emphasizes bettina rice.

By van to egenhausen
The family not only accepts the boxes, they also take them to egenhausen near schweinfurt in their van with trailer. There, collection center manager wolfgang schnepf is waiting to receive the boxes. Here they are later transferred to trucks that transport the gifts to receiving countries in eastern europe, for example, to romania. The reis family manages around 100 boxes in one trip. Last year, 339 packages were handed in in machtilshausen, diebach and fuchsstadt.

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Germany’s cultural buildings are having a hard time https://bitkimo.com/germany-s-cultural-buildings-are-having-a-hard.html https://bitkimo.com/germany-s-cultural-buildings-are-having-a-hard.html#respond Fri, 03 Mar 2023 16:42:54 +0000 https://bitkimo.com/?p=5069 The project went over richard wagner’s head. Between the laying of the foundation stone and the opening of his festival theater in bayreuth, the composer suffered through four agonizing years. Money ran out, gonners jumped ship. In 1878 he was finally able to inaugurate it. "I did not believe that they would succeed – the […]

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Germany's cultural buildings are having a hard time

The project went over richard wagner’s head. Between the laying of the foundation stone and the opening of his festival theater in bayreuth, the composer suffered through four agonizing years. Money ran out, gonners jumped ship. In 1878 he was finally able to inaugurate it. "I did not believe that they would succeed – the emperor told me."Wagner (1813-1883) later recalled.

Cost explosions, misplanning, missed deadlines – cultural buildings in germany, as the wagner case shows, have rarely had it easy. There is also no shortage of younger examples. From the elbphilharmonie to the berlin city palace, projects financed with taxpayers’ money need to be readjusted at best; at worst, years of delays and scandals are involved.

The now postponed opening of the humboldt forum in berlin is comparatively mild in this respect. The 600-million-euro palace copy is on budget, and if all goes well, the air-conditioning and fire-protection problems can be resolved relatively quickly. Officials in the interior and construction ministries expect it to open next year.

The architect stephan braunfels therefore sees parallels to the construction of the capital city airport BER, which has been dragging on for seven years, as exaggerated. "Compared to other public buildings, the humboldt forum is doing surprisingly well," says braunfels, who designed two federal parliament buildings in berlin and the pinakothek der moderne in munich.

It is no coincidence for the architect that there are often problems with the building technology. Individual trades such as ventilation, heating, sanitation and fire protection were often contracted out without completed overall planning. But because the public sector has to award its contracts to the cheapest bidder, the quality of the planning is suffering. "The best planning office is often not the cheapest one."The interaction of the technical systems would then have a "huge gap", and "catastrophes" like those at the colonn opera would be the result.

The opera house and theater in the cathedral metropolis have been undergoing renovation since 2012. The reopening was scheduled for november 2015. Less than four months before it was canceled. Total costs of 250 million euros have so far turned into 460 million euros. The reason was glaring mistakes in the planning and construction management of the technical equipment, said an operations manager. The people of coln are still waiting, the art business continues in alternative quarters.

The construction of the elbphilharmonie concert hall was a prime example of costs getting out of hand. The initial estimate of 77 million euros for the "elphi" building on quay A in the port of hamburg has risen more than elevenfold to almost 900 million euros. The project should not have been started with a budget of less than 500 million euros, says architect braunfels.

The underestimations also have a lot to do with politics, as became clear with the berlin state opera, for example. Instead of 239 million euros, the renovation cost more than 400 million, and took seven years to complete. A committee of inquiry tried to shed light on the matter.

The result: bankruptcies, misfortunes and mishaps were mixed with the critics’ exaggerated wishes of the house owners. An underground connection between the opera house and the administration and rehearsal rooms had to be dug into the muddy ground of berlin at great expense. The ceiling of the hall was raised five meters to allow the music to reverberate for half a second longer.

The costs, as became clear in the committee of inquiry, were initially minimized in order to get the project through the political process. According to the salami tactic they were then gradually increased. The federal government had capped its financial contribution, and berlin was left with the extra costs.

The state opera under the linden trees has been gleaming in its new splendor for almost two years now, and the stage technology is of the finest quality. Daniel barenboim’s house has been spared the fate of richard wagner’s festival arena.

Wagner had to leave king ludwig II’s side. Begging for a loan from bavaria to complete the theater on the green hill. The family paid back the money until 1906. However, the first festival with the "ring of the nibelungs" was a financial disaster. After that, the festspielhaus stood empty for six years.

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Active throughout bavaria: manhunt for money thief https://bitkimo.com/active-throughout-bavaria-manhunt-for-money-thief.html https://bitkimo.com/active-throughout-bavaria-manhunt-for-money-thief.html#respond Wed, 15 Feb 2023 16:21:38 +0000 https://bitkimo.com/?p=4984 After successful pickpocketing (preferred loot: money purses with EC cards) in shops or in the fubganger zone / city center, relatively promptly larger amounts of money were then withdrawn from atms. In some cases, the tater failed because the PIN was entered incorrectly. In addition to the areas of wurzburg, ingolstadt, memmingen and munich, the […]

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active throughout bavaria: manhunt for money thief

After successful pickpocketing (preferred loot: money purses with EC cards) in shops or in the fubganger zone / city center, relatively promptly larger amounts of money were then withdrawn from atms. In some cases, the tater failed because the PIN was entered incorrectly.

In addition to the areas of wurzburg, ingolstadt, memmingen and munich, the woman was also active several times in augsburg, as a comparison revealed. In four falls, she captured a total of around 3400 euros in the process.

The augsburg criminal investigation department is now asking the public for help in clearing up the case, a court order has been issued for the publication of the attached photographs.

A conspicuous feature of the woman is a distinctive black shoulder bag, which she usually wears over her left shoulder. In the cold season she wears a black winter jacket, in the summer she wears black sneakers with female soles. She always wears her hair combed back and pinned up in a chignon, sometimes also tied in a ponytail. A striking silver ring on her left hand and occasionally a pair of fashionable sunglasses are also noticeable. During a withdrawal in augsburg, a second woman (possibly a woman from the. Co-founder / helper) in the background.

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Buffett puts nine billion dollars in his own shares https://bitkimo.com/buffett-puts-nine-billion-dollars-in-his-own.html https://bitkimo.com/buffett-puts-nine-billion-dollars-in-his-own.html#respond Tue, 07 Feb 2023 13:42:24 +0000 https://bitkimo.com/?p=4910 Thus, in the third quarter alone, more was spent on this type of share price maintenance than ever before in a full calendar year. In the course of the year, the amount already adds up to about 16 billion dollars. Many other companies have limited their share buybacks to keep their money together in the […]

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Buffett puts nine billion dollars in his own shares

Thus, in the third quarter alone, more was spent on this type of share price maintenance than ever before in a full calendar year. In the course of the year, the amount already adds up to about 16 billion dollars.

Many other companies have limited their share buybacks to keep their money together in the pandemic. But buffett sabbed with berkshire hathaway last on liquid funds of 145.7 billion dollars. Cash balance thus declined only slightly compared with the previous quarter. The 90-year-old star investor actually preferred to spend the money on investments – for a long time he largely rejected share buybacks to maintain the share price. But buffett has had a hard time finding suitable takeover targets for some time now.

Meanwhile, berkshire hathaway’s day-to-day business continues to suffer from the corona crisis. Operating profit fell 32 percent year-on-year to 5.5 billion dollars, important insurance business made a loss. Net income, meanwhile, benefited strongly from the stock market rally, rising from 16.5 billion to 30.1 billion dollars. Buffett himself, however, has always advised not to pay too much attention to this figure. Since unrealized investment gains and losses are reported here, there are strong fluctuations that say little about the actual course of business.

Berkshire hathaway owns around 90 companies, plus various share packages in major corporations listed on the stock exchange, such as coca-cola, wells fargo and apple – the iphone company in particular has become one of buffett’s great favorites in recent years. The investment legend, known as the "oracle of omaha" because of his good nose for lucrative investments, has led the conglomerate for more than 50 years. "Forbes" recently estimated buffett’s personal wealth at around 79 billion dollars. According to the US magazine, this makes him the fourth richest person in the world.

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Decision on muller-bread postponed https://bitkimo.com/decision-on-muller-bread-postponed.html https://bitkimo.com/decision-on-muller-bread-postponed.html#respond Wed, 01 Feb 2023 14:32:20 +0000 https://bitkimo.com/?p=4788 The preliminary insolvency administrator, hubert ampferl, is to sound out two possible investors beforehand as to whether they want to take over the entire company as a package – including the bakery in neufahrn – despite hygiene deficiencies and the baking ban. The food inspectorate had again discovered vermin in some places in the coarse […]

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decision on muller-bread postponed

The preliminary insolvency administrator, hubert ampferl, is to sound out two possible investors beforehand as to whether they want to take over the entire company as a package – including the bakery in neufahrn – despite hygiene deficiencies and the baking ban.

The food inspectorate had again discovered vermin in some places in the coarse bakery in the munich suburb and therefore left the baking ban imposed at the end of january in force. The insolvency administrator announced on wednesday that the creditor committee now wants to "analyze the changed situation in detail". At the same time, investor talks continued at high pressure. At the beginning of next week, the creditor committee will meet again and make a decision.

Insolvency payments for the 1250 employees will expire at the end of next week. The loopholes for mice and cockroaches in the bread factory could only be eliminated with further, fundamental reconstruction work. However, the insolvency administrator himself does not have the time or money to do this. After the decision by the supervisory authorities not to lift the production ban, ampferl had therefore declared that the focus from now on would be on selling the store network without the factory. There are many interested parties for the sales rooms.

The preliminary insolvency administrator will now "also sound out what options are still available in talks with investors," his spokesman explained after the creditor committee meeting. Banks, employees, lessees, suppliers and credit insurers are represented on the committee.

Trade unionist mustafa oz said there may be two interested parties. Ampferl will make it clear in the next few days how interested she still is in the overall package and how reliable a possible offer would be. The believers wanted to wait and see.

The unionist accused the previous owner, klaus ostendorf, of hastily dropping muller-brot and filing for bankruptcy. By the time a contractor was able to guarantee the authorities the necessary new buildings and conversions, production in some areas might already have started up again.

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