HANNOVER LEASING Group expands and strengthens its management team
Pullach, 29 September 2023 – The HANNOVER LEASING Group is appointing two new Managing Directors as of 1 October 2023 and 1 November 2023. Oliver Priggemeyer (54) and Stefan [...]
Corestate discontinues banking business and returns securities trading bank license
Luxembourg, 27 September 2023 – As part of the Group's consistent strategic focus on asset management, the Management Board of Corestate Capital Holding S.A. ("Corestate") today decided to discontinue the [...]
Corestate successfully completes financial restructuring
Debt significantly reduced; future focus to be on asset management Financial liabilities from bonds reduced from a total of €535m to €143m Equity base significantly strengthened thanks to recapitalization Parallel [...]
Extraordinary General Meeting votes with large majority for restructuring of share capital
Number of shares increased from around 34m to around 166m Completion of recapitalization in August 2023 Luxemburg, 14. Juli 2023 – Today's extraordinary shareholders' meeting of Corestate Capital Holding [...]
HANNOVER LEASING Group sets strategic course and strengthens core business with institutional clients
Staff reinforced on the market side Corporate governance further developed Pullach, 28 June 2023 – As part of the strategic development of HANNOVER LEASING's business activities, the company has [...]
Noteholders’ meetings approve bond restructuring with large majority – important milestone for debt reduction reached
Bond volume reduced from € 488.3m to € 105.5m Balance sheet recapitalization completed by August Change to General Standard on the Frankfurt Stock Exchange applied for Luxemburg, 21 June [...]
Further change in the Management Board – CFO of the company leaves the Management Board at his own request
Luxembourg, 10 May 2023 – The CFO of Corestate Capital Holding S.A. ("Corestate"), Mr. Udo Giegerich, will resign from the Management Board at his own request and by mutual agreement [...]
Management Board downsized to two members – CFO Udo Giegerich leaves the company at his own request – bridge financing provided as planned
Luxembourg, 10 May 2023 – The Management Board of Corestate Capital Holding S.A. ("Corestate") will consist of two members in the future. CFO Udo Giegerich will leave the Management [...]
Alternative restructuring concept simplifies short-term recapitalization and significant debt reduction – corporate governance adjusted
Dr. Nedim Cen moves from the Supervisory Board to the Management Board as CEO Increase of bridge financing to € 35m provides further financial flexibility Broad support from [...]
Corestate decides to implement an alternative restructuring concept and changes in Management Board and Supervisory Board
Luxembourg, 4 May 2023 – The Management Board of Corestate Capital Holding S.A. („Corestate“) has today agreed with a group of large bondholders, the so-called Ad Hoc Committee ("AHC"), [...]
Noteholders’ meetings vote for extension of bond maturities
Bond investors unanimously decide to roll over the notes until the end of July 2023 Extension enables the development of an alternative restructuring concept [...]
Corestate adjusts business strategy and pursues alternative restructuring concept
Corestate Capital Holding S.A. ("Corestate") will consider an alternative restructuring concept ("Alternative Concept") in view of the planned restructuring of the debt instruments. The implementation of this Alternative Concept [...]
