Clean Industry Solutions Holding Europe AB’s subsidiary Industrial Solar GmbH will file for insolvency proceedings in Germany
The board of Clean Industry Solutions Holding Europe AB (publ) (“CISH Holding” or the “Company”) announces that its wholly owned subsidiary Industrial Solar GmbH will file for insolvency to avoid a larger damage to the group. If it should not be possible to reconstruct Industrial Solar GmbH within the insolvency proceeding Rebecca Schwantes, CEO of SolarSpring GmbH, will take over the CEO position of CISH Holding from the current CISH Holding CEO Christian Zahler.Industrial Solar GmbH and SolarSpring GmbH’s operations and results have progressed in 2023, but operational costs have also