BRIEF-GN Store Nord: Sale of GN Otometrics; partnership with Natus
* Said on Sunday GN Hearing and Natus Medical Incorporated had entered into agreement whereby ownership of GN Otometrics is transferred from GN Hearing to Natus
Deutsche Bank has filed suit against Mexican homebuilder Urbi (URBI.MX) seeking $61 million plus interest and expenses after Urbi failed to make loan payments, according to court documents.
The bank said the homebuilder failed to pay more than $5 million in principal and interest due on two loans, according to the lawsuit filed in New York State Supreme Court in Manhattan on Wednesday.
The loans, made in February, were for $50 million and $55 million.
Urbi said in April it had hired advisors to help it review options including restructuring debt.
Barclays and Credit Suisse are also suing Urbi for failing to make payments on derivative positions.
Urbi and its larger peers Homex (HOMEX.MX) and Geo (GEOB.MX) are struggling with heavy debt loads and a slowdown in new home sales.
(Reporting by Elinor Comlay; Editing by Carol Bishopric)
* Marksans Pharma Limited announces USFDA approval for loratadine liquid filled capsules 10 mg Source text: http://bit.ly/2da7pd8 Further company coverage: (Bengaluru newsroom)
FRANKFURT, Sep 26 The following are some of the factors that may move German stocks on Monday: