Q-Cells to pursue restructuring option through the insolvency court with creditor’s agreement

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While talks continue with potential buyers of insolvent PV manufacturer, Q-Cells, Insolvency administrator Henning Schorisch will also potentially conduct a full restructuring of the company under administration. Q-Cells reported that its creditors met in Dessau-Rosslau to hear about the insolvency proceedings.

“The backing of the creditors is an important signal indicating that the company can be rescued,” Henning Schorisch emphasized today in Dessau-Rosslau. “After all, it shows the creditors' belief in Q-Cells future.”

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The administrator was said to have the backing from the creditors to further pursue both restructuring and investor plans and would be maintaining the operations of the company. Q-Cells SE filed for insolvency in April, 2012.

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