Insolvency at Meyer Burger: Shareholders go empty-handed

Shareholders of the insolvent solar module manufacturer Meyer Burger are getting nothing: There will be no liquidation dividend, the Swiss company announced on Monday. The Swiss company had already abandoned its search for an investor in September and laid off its approximately 600 employees in Germany and the remaining 45 in Switzerland. The company reiterated that there is no longer any realistic chance of saving the entire group.

After trading resumed on Monday, shares plummeted by almost 80 percent to CHF 0.151. Previously, the shares had been suspended for months because Meyer Burger had failed to publish its mandatory annual report for 2024. Trading will now remain open until January 13, 2026, after which the delisting will take place.

According to the company, the main reasons for the insolvency are cheap imports from China and uncertainties regarding future support for renewable energies in the US and Europe. Meyer Burger was the only remaining major company with solar production in Germany.

APA/Reuters