Adler - comment

Adler announced yesterday that they failed to receive the required support on the 29s and are therefore looking to implement their plan via one of the alternative methods (UK scheme or German StaRUG). To what extent that is really the way things will go or if parties can find an agreement, after all, will have to be seen after Adler and the x-holders thrash out a more concrete alternative plan. Economically there should be little difference for our position.