The proposal may include an orderly wind‑down and solvent liquidation of BF CDP in accordance with applicable German laws, the company said in a stock exchange filing.
This is being considered in light of the market challenges and the associated cost disadvantages faced by BF CDP in Germany, it added.
To facilitate the proposed restructuring, the board has approved a financing arrangement of up to EUR 30 million. The board has delegated the necessary authorities to its sub‑committee to oversee further evaluation and implementation, the company said.
