REFILE-Germany's Loewe says investors have pulled out of purchase deal

Mon Feb 24, 2014 1:27pm EST

FRANKFURT Feb 24 (Reuters) - Insolvent German television maker Loewe said on Monday that an investor group had backed out of a deal to purchase its core television business.

A group of investors, including a former senior manager at Apple and Bang & Olufsen, said in January that they would buy Loewe's core television business for an undisclosed price.

Loewe on Monday called on the investors to complete the deal and said it did not believe there was any legal basis for them to withdraw from the purchase contract and that it is considering legal action.


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.