Walter Niemetz Gmbh & CO KG has emerged from insolvency. An investor from South America will support Niemetz and creditors are hopeful that it would be able to raise funds. If the restructuring plan fails, the partners have agreed upon an immediate sale of Niemetz.

Suitors are still interested in acquiring Niemetz. Interfood-Lebensmittelgroßhandel Gmbh has been the highest bidder for and had offered €3.6 million. Heidi Chocolat S.A. also intends to acquire Niemetz for around €3 million.

Josef Manner & Comp. AG (WBAG:MAN) and Global Catalyst Partners are still keen to acquire Niemetz. Manner would float Niemetz on the stock exchange if it acquires it.