First Berlin Equity Research has published a research update on Clean Logistics SE (ISIN: DE000A1YDAZ7). Analyst Dr. Karsten von Blumenthal has suspended his rating and price target.

Clean Logistics SE has announced today that it plans to file for insolvency proceedings for itself and its subsidiaries on Monday, as efforts to secure further financing for the company have failed. The planned capital increase will not be carried out. On 10 February, Clean Logistics announced the resignation of CEO Dirk Graszt as an executive director of the company. Mr Graszt also resigned from his position on the Board of Directors. Dirk Lehmann had already resigned as a member and Chairman of the Board of Directors on 29 December 2022. The two founders of the company have thus left the company. We are suspending our rating and price target.