But UK M&E division is still trading
Dutch M&E giant Royal Imtech has placed itself into administration after failing to negotiate additional funding with its financiers.
However, a spokesman for Imtech UK and Ireland said this division was not subject to the administration and continues to trade.
Commenting on the group’s administration, Frans Cremers, chairman of the Supervisory Board and Gerard van de Aast chairman of the Board of Management said it was “disappointing that after all the efforts of all involved it has not proven possible to avoid this situation”.
“Filing for suspension of payments now may optimise the chances that substantial parts of the Imtech Group may continue in the interest of all stakeholders and specifically our employees.”
The Imtech UK and Ireland spokesperson said: “Imtech UK and Ireland continues to trade and is not subject to this administration.”
“Imtech UK and Ireland now operates under the sole control of the UK management and we are continuing to trade. While continuing our business we are also assessing longer-term options and in discussions with interested parties.”
No comments yet