Press release:
THIS IS A JOINT PRESS RELEASE REGARDING THE BANKRUPTCY OF ROYAL IMTECH N.V. AND ITS SUBSIDIARIES[1] (THE IMTECH GROUP) BY THE TRUSTEES AND THE BANKS OF ROYAL IMTECH N.V.
Imtech trustees and banks reach agreement on settlement
Amsterdam / Rotterdam 23 October 2023 - The trustees and the banks of Royal Imtech N.V. today announce that they have reached a settlement in the bankruptcy of Imtech. The settlement is the result of the efforts of the trustees and the banks that have succeeded in resolving a potential complex dispute, thereby avoiding lengthy and costly litigation.
The settlement entails a cash payment of EUR 25 million to Imtech, the release of escrow balances amounting to EUR 3.8 million to Imtech, and the withdrawal of the claims of the trustees and the financiers against each other. The settlement is beneficial for the unsecured creditors, as it will result in a higher distribution percentage.
The bankruptcy of the publicly listed Imtech Group in 2015 is one of the largest bankruptcies in the Netherlands and is complex due to the size of the Imtech Group. It affected many creditors, including the group of financiers.
During the past year the trustees and the group of financiers have been able to constructively engage with a view to arrive at a solution recognizing the complexity of the case and which brings the final resolution of the bankruptcy closer, also for the benefit of the joint creditors including the unsecured (trade) creditors. The settlement is the result of the efforts of all parties involved and is entered into by the parties involved without acknowledging any liability. The trustees and the banks are pleased to report that this important hurdle has now been cleared.
Note to Editors:
The exact details of the settlement remain confidential, but further information about the outcome of the settlement in the various estates will be disclosed in the bankruptcy reports, published on: https://www.faillissementimtech.nl/
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[1] This includes Imtech Capital B.V., Imtech Group B.V., Imtech Benelux Group B.V., Imtech UK Group B.V. and Imtech Nederland B.V.
The trading of shares of Royal Imtech N.V. will end on 30 December 2016.
The by court of Rotterdam appointed trustees of Royal Imtech N.V. hereby inform the public that the trading of shares of Royal Imtech N.V. will end on 30 December 2016 at Euronext in Amsterdam. The company Royal Imtech N.V. will be delisted on 2 January 2017.
Kind regards,
mr. J.G. Princen & mr. P.J. Peters
Curatoren/Bankruptcy Trustees Royal Imtech N.V.
Bankruptcy Imtech
On 13 August 2015, the Rotterdam Court has the declared Royal Imtech N.V., with its registered office in Rotterdam office at (2803 PE) Gouda to Kampenringweg 45A, bankrupt. Paul Peters and Jeroen Princen have been appointed as trustees in bankruptcy. In the following weeks several subsidiaries have been declared bankrupt as well. Other subsidiaries have been sold to third parties by a transfer of shares. For more accurate information please find the publics report of Royal Imtech N.V. here.
The trustees will provide information on this website for the creditors and other parties concerned during the liquidation of the bankruptcy of different companies formerly part of the Imtech-group. The information will be presented per bankrupt company. It is of paramount importance that, if you have any questions, you want to file a claim or you want to contact the trustee for other reasons, you direct your inquiry to the corresponding e-mail address of the bankrupt company concerned.
For your information: as already communicated to all -by the trustees- known creditors, claims filed at a different company within the Imtech-group will not be forwarded. These claims will not be included on the list of (preliminary acknowledged) creditors. It is the responsibility of the creditors to file their claims correctly into the right bankruptcy.
The information and data on this website is not intended to offer for any accountability on the state of the assets or provide for any complete insights. Individual creditors and other parties concerned cannot claim any rights on the information provided.
Kind regards,
J.G. Princen, P.J. Peters
Trustees Royal Imtech N.V.