The 12.18. Insolvency raises questions
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Magazin • 28.8.2026 • 45624
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The 12.18. Insolvency raises questions

Parent company affected – Discrepancies with the VZB pension fund?

The 12.18. Insolvency raises questions
The investment portfolio includes, amongst other things, businesses and companies in Ibiza, such as 7 Pines Resorts. / © 12.18
28.8.2026

The wave of insolvencies in the German hotel sector is rolling forward. In mid-August, the controversy spread to another part of the large Lindner business family, specifically 12.18. Investment Management GmbH. The main investor, the Pension Fund of the Berlin-Brandenburg Dental Association (VZB), has expressed criticism. 12.18. disputes this.

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