In September 2006, Lars Windhorst was representing British fund Sapinda International and had become Managing Director of Vatas Holding GmbH (headquartered in Berlin, Germany and owned by Robert Hersov). At the time Vatas partly owned telco supplier Balda, a 22.1 percent stake of telecommunications provider Freenet AG and 15.4 percent share of Air Berlin. At a later point, Vatas Holding purchased additional shares of Air Berlin, increasing their stake to 18.6%. On January 27, 2009 Vatas Holding GmbH filed for bankruptcy after NORD/LB Norddeutsche Landesbank has filed a suit against Vatas for approximately 150 million Euros.
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“But it is the same thing we are all seeing,
Our world. Go after it,
Go get it boy, says the man holding the stick.
Eat, says the hunger, and we plunge blindly in again,
Into the chamber behind the thought.”
—John Ashbery (b. 1927)