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Elsa wants to get out of the Neuer Markt

Elsa wants to get out of the Neuer Markt

The insolvent company Elsa applied to Deutsche Börse to stop listing its shares. From April 2nd, the share should then be listed on the regulated market. Elsa cites the current financial situation as the reason.

Two 'Designated Sponsors' are normally required for listing on the Neuer Markt. Most of these are banks, which are, however, quite expensive in terms of their support. Additional costs arise, for example, for the presentation of four quarterly reports and the higher listing fees on the Neuer Markt. Unfortunately, a new investor who could save the company has not yet been found. The current solvency is still secured by the transitional loan from some banks.

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