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Bankruptcy Case Mayr-Melnhof in Switzerland

Published: June 17, 2013; 19:22 · (Vindobona)

In Domat/Ems, Switzerland’s biggest sawmill was supposed to be operated. The only thing left now, however, is a financial hole running in the millions. Erste Group is concerned by losses as well.

Bankruptcy Case Mayr-Melnhof in Switzerland / Picture: © Flickr

The once biggest sawmill in Switzerland has only left a financial hole. The balance sheets of bankruptcy case Mayr-Melnhof Swiss Timber in Domat/Ems caused losses in the amount of CHF 28.7m, as announced by the bankruptcy authorities in Imboden on Monday.

Creditors have to account with losses in the amount of CHF 23.2m. A further loss of CHF 2.5m has to taken into account by…

This article includes a total of 198 words.

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