Whitefield has decided to divest all of its shares in Omega AG due to the challenges faced during the company’s restructuring process.
Last year, Whitefield Group acquired a majority stake in bankrupt Omega AG under the supervision of the renowned law firm Görg. However, the planned restructuring process did not proceed as expected due to the company’s opaque credit arrangements. Following these developments, Whitefield approved the sale of its shares in Omega AG.
In a statement made by Whitefield’s largest shareholder, Aydın Taşçı, it was stated that the decision was the result of an evaluation process aligned with the company’s strategic goals. The statement included the following: “Whitefield has made this decision with the aim of redirecting its resources toward more sustainable and profitable projects.”
Legal Support for the Process:
The sale process was managed by the internationally respected law firm Görg. Under Görg’s guidance, the sale was completed in full compliance with German regulations.
Whitefield stated that after this sale, it would continue to focus on its global projects and aim for growth with its business partners.
Public Attention:
This development signals a new phase in Whitefield’s international operations, showcasing the company’s commitment to ethical decision-making and transparency in its strategic processes.
Further details on Omega AG’s future and the impacts of the sale process may become clear through new announcements from Whitefield.
