Overview
- Lingyun said it will remain owner of Kiekert AG and Kiekert Holding and provide liquidity to remove insolvency causes and satisfy creditors.
- A Wuppertal court opened a preliminary insolvency last week after the provisional administrator said the Chinese shareholder failed to deliver further funds and obligations in the three‑digit million range.
- Kiekert’s management seeks the shareholder’s exit, citing sanctions on the owner that they say restrict access to key markets and financing.
- Operations are continuing at all sites under the provisional administrator, and wages for roughly 700 employees in Germany are secured via insolvency pay through November.
- The case concerns the German entities only, with foreign subsidiaries reported as unaffected, and the group employs about 4,500 people.