ZEG to Take-Over Kettler’s Bicycle Factory? (Update)

ENSE-PARSIT, Germany – According to a local newspaper – the Saarbrücker Zeitung – Europe’s biggest dealer cooperative ZEG is about to take-over Kettler’s Hanweiler based bicycle factory. The Kettler management is currently working on an insolvency plan which is scheduled to be finalized together with the company’s creditors at end of the year.