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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

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

Plus de actualités: Polytec Holding AG
Plus de actualités: Polytec Holding AG