AUGSBURG, Germany - German wholesaler and importer Radac GmbH Rad-Vertrieb asked for insolvency. The Radac management is also initiator of the new German bicycle buyers group FEG (stands for “Fair-rad e.G.”) that was introduced on this year’s Eurobike and Ifma. Due to the insolvency the future of this ‘association alternative’ is also unclear. Augsburg-based lawyer Christian Plail of SKP has been appointed as receiver. Shareholder and GM Ingeborg Bahrdt is not available for comment. Second shareholder is a Hongkong-based company named Diamondback Investment Ltd. (JB)
Wednesday, December 06, 2006
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