tui
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Upperlive, 21 to May (Reuters) - the new supervisory board of the insolvent Babcock Borsig AG (Xetra: 663834.DE - message - forum) takes briefly before the general meeting forms. Two months after all ten representatives of the capital side their mandates had down put, ordered the district court upper living of four new representatives announcement the shareholder into the control committee. Thus the supervisory body counts 14 members according to data of an employer speaker of Wednesday as well as the ten representatives of the employees. On the general meeting on coming Wednesday is to be made smaller however by amendment of the by-laws the size on six (four from the capital side, two of the employees). The again ordered supervisory board wolf Dietrich Loose was selected from the existing supervisory board to the chairman. Loose was in former times as a director of work in the executive committee of the metro AG (Xetra: 725750.DE - message - forum). Babcock had proven in April for the financial year 2001/02 a balance loss of more than three billion euro, which had developed ever to the half from adjustments of value and loss assumptions at subsidiaries. Babcock is since September previous yearly in insolvency in self-administration. The course to the insolvency court had become necessary because of the insolvency of the tradition company. In the meantime the management sold, partially a majority of the subsidiaries over in previous October a created rescue company. Babcock will be according to data of the speaker the first enterprise with insolvency in self-administration, which holds a general meeting. After the former large shareholders TUI and German bank AG (Xetra: 514000.DE - message - had made forum) their blocks of shares of ever approximately eight per cent on under five per cent, Babcock smaller with the WestLB and and the Investmentgruppe Credit Agricole Lazard (ever 8.5 per cent) of only two large shareholders remained. The remainder of the shares is in strewing possession.
Qualquer coisa pode ser aproveitada para provocar um short squeeze.
Qualquer coisa pode ser aproveitada para provocar um short squeeze.
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bowie.
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