Green City AG continues restructuring with sale of consulting subsidiary
Munich, 28.3.2022 – In the course of its insolvency, Green City AG is reorganising its business areas and, as a project developer, will in future focus consistently on the expansion of renewable energy plants. Against this background, the consulting subsidiary Green City Experience GmbH, which specialises in sustainable mobility and urban development, was sold in full to a new shareholder. With the sale of the wholly owned subsidiary, Green City AG is purposefully continuing its restructuring process in the preliminary insolvency proceedings.
Green City AG today took a further step in the restructuring of its business areas. With the sale of its shares in Green City Experience GmbH, the restructuring process in the preliminary insolvency proceedings is being continued consistently and quickly. The aim is to focus on the high-potential core business of project development of wind and solar power plants in the midsize segment.
Urban areas are facing great challenges, driven by technological progress and adaptation strategies to climate change. Against this backdrop, advising municipalities and companies in the context of transformation processes is and remains an important component for the success of the energy and transport transition. The focus of Green City Experience GmbH with its 21 employees is on the consulting business and sustainability communication.
Under its new owner, Dr Christian Epp, the agency will continue to support companies and municipalities in positioning themselves for the future in the areas of mobility and urban development and to inspire people with communication formats for their topics. The Munich entrepreneur and philanthropist is no stranger to the Green City family. For years, Dr. Christian Epp himself held various positions at Green City e.V. as well as at Green City AG. Now he is returning to his old place of work as a partner of Green City Experience GmbH. In addition to his attachment, it was above all the company’s highly motivated and competent team that motivated Dr. Christian Epp to join the company. All jobs and the expertise from dozens of implemented projects will be retained.