MIFA Applied for Insolvency in Self-Administration

SANGERHAUSEN, Germany – Yesterday-morning, the Mitteldeutsche Fahrradwerke AG (MIFA) announced the loss of half of its registered share capital. In the afternoon MIFA declared that it had applied for insolvency in ‘self-administration’.
The insolvency is caused by the fact that MIFA: ‘Was not able to achieve an ultimate solution with Indian Hero despite intensive negotiations.’ – Photo MIFA