Compleo Charging Solutions AG: Insolvency court confirms insolvency plan of Compleo Charging Solutions AG

Insolvency court confirms insolvency plan of Compleo Charging Solutions AG

Dortmund, 19 June 2023 – Compleo Charging Solutions AG („Compleo“) (ISIN DE000A2QDNX9, WKN A2QDNX) announces that the local court of Dortmund in the insolvency proceedings (No. 251 IN 93/22) of Compleo has approved the insolvency plan submitted to the discussion and voting meeting of 19 June 2023.

All creditor groups have approved the insolvency plan.

With the confirmation of the insolvency plan, a further step towards the completion of the transaction with the KOSTAL Group has been taken. However, regulatory approvals and the fulfilment of further contractual closing conditions are still pending. The parties continue to expect the closing of the transaction with KOSTAL Group to take place by the end of July 2023.

After completion of the transaction, Compleo will continue to exist within the KOSTAL Group as an independent business unit and brand. The operating business will be fully transferred to the KOSTAL Group.

About Compleo

Compleo Charging Solutions AG is one of the leading full-service providers of charging technology for EVs in Europe. The company supports its business customers with a range of charging stations and a backend for charging infrastructure. Compleo’s offering includes both AC and DC charging stations, the first DC charging stations on the market that comply with calibration regulations.  The company is headquartered in Dortmund. Its customers include Allego, Clever, EWE Go, Deutsche Telekom, Siemens and more than 300 municipal utilities in Germany. More info at: www.compleo-charging.com