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    Royal Imtech declared bankrupt - marine division sold

    Company News // August 14, 2015

    Further to its announcement made on 11 August that Royal Imtech NV had been granted suspension of payments, the company has announced that, on the request of its administrators, the Rotterdam District Court has declared Royal Imtech bankrupt. In addition, Imtech Capital BV, Imtech BV and Imtech Group BV have also been declared bankrupt.

    Royal Imtech also announced that its Marine and Nordic divisions were set outside the group, under the control of Imtech's financiers, in order that they can be sold, and it is envisaged that Imtech Marine will be sold to Pon Holdings and Parcom Capital and that a sales process for the Nordic division is ongoing and expected to be concluded in the short term.

    As of today, no companies of the Imtech group other than the companies mentioned above and Imtech Germany are subject to insolvency proceedings.

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