Foundry Daily News

Banks agreed to future package for Salzburger Aluminium AG

<font face="Arial,sans-serif" size="1">also available in&nbsp;&nbsp;&nbsp;<a href=";L=1&amp;tx_ttnews[tt_news]=4778&amp;tx_ttnews[backPid]=85&amp;cHash=21762f3a68" target="_top" class="external-link-new-window"><img width="17" src="" alt="Deutsch" height="12"></a></font>

<font face="Arial,sans-serif" size="2">At the&nbsp;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. </font>

<font face="Arial,sans-serif" size="2">A group of banks took over the financing. The other banks withdraw themselves and do without approximately 60 per cent of their demands. </font>

<font face="Arial,sans-serif" size="2">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. </font>

<font face="Arial,sans-serif" size="2">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. </font>

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