More time to save real estate group Adler Group

The reeling German real estate giant Adler Group is one step further in its rescue efforts. Adler gets more time from its creditors to find an auditor. A “significant majority” of bondholders want to extend the deadline for submitting audited financial statements for the past and current year to September 2024. Adler announced this week. An audited balance sheet is the basis for loans and bonds worth billions – but it is