Reuters: Bankruptcy News: Polimex gets more time from creditors for deal guarantee

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Polimex gets more time from creditors for deal guarantee Sep 21st 2012, 07:01 WARSAW, Sept 21 | Fri Sep 21, 2012 3:01am EDT WARSAW, Sept 21 (Reuters) - Polish Polimex said on Friday its creditors agreed to give the troubled builder until Sept 30 to secure a guarantee for a 6.3 billion zloty ($2 billion) contract seen by analysts as crucial to its survival. Polimex had until Friday to secure guarantees for the construction of a power unit for utility Enea, one of the largest contracts in Poland's power sector. ($1 = 3.2040 Polish zlotys) (Reporting by Adrian Krajewski)

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