![]() Unlike shares, the certificates do not entitle holders to have any say in the running of the company, but promised a return of 6.0-8.0 percent.Ī report in the daily Sueddeutsche Zeitung said that the Prokon case was causing the government to push the BaFin financial sector watchdog to monitor high-risk financial instruments more closely and possibly even banning them. ![]() Set up in the 1990s, Prokon financed itself by selling profit-participation certificates to about 75,000 retail investors through a television advertising campaign. "Prokon Regenerative Energien GmbH has filed for insolvency at the local court of Itzehoe," in northern Germany, the company said in a letter addressed to its investors. ![]() Prokon, a German financier, developer and operator of wind parks which financed itself via retail investors, has filed for insolvency, it announced on its website on Thursday. ![]()
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