Uncertainty persists with DyStar deal
28 January 2010The situation at DyStar’s Geretsried site which houses the leather chemicals division, formerly known as Dr Boehme is getting worse say the insolvency administrators. Both interested investors from India (Kiri) and China (Hubai Chuyan Chemical), which are looking at buying major parts of the business in the are, not interested in buying the facility in Geretsried or the leather chemicals business unit.
There is still one potential buyer for Geretsried, but negotiations are in the initial stages a spokesperson for the insolvency administrators has confirmed to Leather International.
On February 9 there will be a meeting of creditors in Frankfurt am Main at which the insolvency administrator, Dr Stephan Laubereau will explain the actual state of affairs to the creditors.
