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Holy Moly, LGB files for German Bankruptcy, Update: Factory closed.
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[quote user="kimbrit"]<p>Here is the report I read, copied from G Scale Mad, a very popular brit site:</p><p>The original text was in German, but here is a translation:<br /><br />From the GARTENBAHNprofi News Site July 5, 2007 gil. "I can confirm that Bachmann Europe has a major interest in purchasing the Ernst Paul Lehmann Company..."assures Graham Hubbard, Managing Director of Bachmann, Europe PLC in London. In a statement that was received by GARTENBAHNprofi, Hubbard mentions that interest in a takeover of LGB was expressed as long ago as November 2006. In April, when the Schoentag-LGB-Company went into insolvency this interest was again clearly stated. The takeover offer which Bachmann submitted was however non-binding since one wasn't afforded the opportunity to inspect the premises or the operation. To this day Bachmann is awaiting more detailed information regarding the remaining assets in the insolvency. Bachmann would be pleased to have the opportunity to inspect the plant and has since repeated the request several times, however without a reaction from the insolvency trustee. Hubbard regretted that despite pleas for full particulars one has so far not received an official reply to the questions. "Once this information is available to us, we will then be in a position to submit a final binding offer", affirmed Graham Hubbard.<br /><br />Bachmann Europe is a subsidiary of Kader Industrial, Hong Kong, the largest producer of strictly model railroad items.<br /><br />In the very recent past Piko CEO, Dr. Wilder, has also complained that there is no response to his submission. </p><p>[/quote]</p><p>Hello,</p><p> </p><p>Yes, the items that my husband H-J. Mueller translates get copied far and wide, in the above instance the "copier" introduced additional typos, since copy/paste from a JPEG is not that easy.</p><p>The original looks like this </p><p>[img]http://www.rhb-grischun.ca/F-PIX/GBp2007_07_05.jpg[/img] </p><p>with the translator duly noted. <span class="smiley">[;)]</span><span class="smiley">[:)]</span></p><p>I hope this helps to clear up potential misunderstandings.</p><p> </p><p>Best regards</p><p> </p><p>ER </p><p> </p><p> </p><p> </p>
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