The situation at Green City AG is coming to a head: the board of directors does not give discharge

The ailing renewable energy project developer Green City AG from Munich is apparently in an even more precarious situation than was previously widely assumed. At the extraordinary general meeting last Thursday, the company’s board of directors did not make an optimistic impression and did not rule out insolvency of the company, explained Daniel Bauer, spokesman for the Protection Association of Investors (SdK), when asked by ZfK.

The SdK was entrusted by numerous shareholders to represent their interests. The majority of shares in Green City AG belong to the…

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