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Banks agreed to future package for Salzburger Aluminium AG

also available in   Deutsch

At the 3 September 2009, all financing banks came to the agreement with the owner family. The owner family Wöhrer carries the majority of the redevelopment and supplies fresh own capital funds.

A group of banks took over the financing. The other banks withdraw themselves and do without approximately 60 per cent of their demands.

The Salzburger Aluminium AG (SAG) was heavily hit by the economic crisis, but now looks into a positive future. The financing banks do without demands of approximately ten million euro.

The lion’s share of the redevelopment package is carried by the owner family with 21 million euro fresh capital. 12 million euros of it are additional new own capital funds. 9 million euros originate from the transformation of a society loan in own capital funds.

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