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Thursday, 06 August 2015 09:31

Imtech: still no deal in sight in discussion with financiers

In its latest update on the discussion with its financiers and the current situation, Royal Imtech said the talks have not yet led to additional financing and that Imtech Germany and Royal Imtech are “considering all options.”

Today's update follows three previous updates issued within the last week. The latest discussions on long term structural solutions and an amendment to the financing arrangements, including an increase in liquidity headroom for the group and its subsidiaries have not led to an agreement.

Further discussions with the financiers have been held over the last day -  these discussions have likewise not yet resulted in any agreement of additional financing for Royal Imtech or any of its subsidiaries.

Royal Imtech and Imtech Germany are evaluating the current situation and its consequences and are considering all options.

Royal Imtech said it will update the market as soon as possible more specifically on the consequences of the latest developments.