GZO AG Faces Allegations of Abusive Behavior

On November 11, 2024, a creditor group led by Clearway Capital GmbH, which holds 6.56% of the defaulted GZO AG 1.875% June 2024 bonds, has made serious allegations against GZO AG. The group has released a new presentation that they claim highlights GZO's abusive actions aimed at harming creditors. This document is publicly accessible at www.gzo-bondholer.ch/documents/.

The accusations have raised concerns about GZO AG's treatment of its creditors, particularly following the default on their bonds. The detailed presentation allegedly exposes the company's attempts to undermine the rights and interests of its creditors.