Polytec Holding AG

EANS-Adhoc: Polytec Holding AG
Agreement in principle reached about POLYTEC after nightly marathon negotiations

-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 30.04.2009 After the acquisition of PEGUFORM GROUP, which was temporary financed by short term loans, POLYTEC Holding AG got into a financial disorder, as a repayment in time was uncertain. That circumstance was mainly caused by the immediately occurred financial crisis after the closing of the acquisition. Objective of the following negotiations with involved banks (Raiffeisenlandesbank OÖ, Oberbank, Unicredit Bank Austria, Investkredit AG, BAWAG) was, to ensure the continuity of the Group without insolvency. During intensive negotiations, an agreement without insolvency has been achieved, which requires the final approval of each board. This will happen within the next couple of days. Further information about the agreement and the further proceeding will be disclosed by POLYTEC Holding AG after the final approvals. end of announcement euro adhoc -------------------------------------------------------------------------------- ots Originaltext: Polytec Holding AG Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Manuel TAVERNE POLYTEC GROUP Investor Relations Tel.+43(0)7221/701-292 manuel.taverne@polytec-group.com Branche: Industrial Components ISIN: AT0000A00XX9 WKN: A0CA1R Index: ATX Prime Börsen: Wiener Börse AG / official market

Das könnte Sie auch interessieren: