The insolvent Leipzig-based streetcar manufacturer Heiterblick has taken a decisive step towards rescue. The creditors have approved the restructuring plan, as the company announced. This clears the way for the continuation of operations and the planned takeover by the Polish manufacturer Pesa.
Court approval
The plan was voted on at Leipzig District Court on Wednesday. It provides for a comprehensive restructuring of the financial and operational structures. The aim is to secure the company's competitiveness and preserve around 250 jobs.
According to the company, the self-administration proceedings could be concluded in the coming weeks. The completion of the takeover by Pesa, which was agreed in December, is linked to this.
