Reuters: Bankruptcy News: Polimex got only first tranche of larger loan-CEO

Reuters: Bankruptcy News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Polimex got only first tranche of larger loan-CEO Sep 6th 2012, 12:59 WARSAW, Sept 6 | Thu Sep 6, 2012 8:59am EDT WARSAW, Sept 6 (Reuters) - The 45-million zloty ($13.6 million) loan for Polimex from state development agency ARP is only the first tranche of a larger amount it will lend the troubled Polish builder, Chief Executive Robert Oppenheim told Reuters on Thursday. ARP agreed on Thursday to extend the first loan tranche to Polimex, which has suffered from debt problems related to loss-making road contracts. Oppenheim told Reuters last month it was seeking a total of 160 million zlotys in loans from ARP. ($1 = 3.3194 Polish zlotys) (Reporting by Adrian Krajewski)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions