Bless Rosenberger creditors to Burger King



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Vienna / St. Pölten (APA) – Rosenberger's restaurant food series creditors have given a green light to sell to Burger King. The recovery plan was approved by a majority, the three KSV credit protection agencies, AKV and Creditreform saying Tuesday after the Diet at St Kilda. Pölten.

Thus, the Austrian chief merchant of the US fast food series, TQSR, can take over the remaining 14 Rosenberger places with around 330 workers. TQSR brings in nearly 40 million euros. Most of this, around 30 million euro, has to be invested in old-fashioned restaurants.

Creditors receive 20 per cent of their applications. According to KSV1870, applications about 17 million euros will be used as the basis for calculating. The settlement requirement would therefore be EUR 3.4 million.

A cash ratio of 6 per cent is required by 29 March with the bankruptcy manager, the other two percentages of 7 per cent in 2020 and 2021 to come. To date, approximately € 34 million has been registered for bankruptcy applications, of which € 26 million was recognized, according to Creditreform. Part of 8 million euro will be fully recognized, he said.

~ WEB http://www.bk.com/~ APA266 2019-03-12 / 12: 48

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