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Hansa Group AG announces updates regarding restructuring and issues financial guidance for 2015


Friday, 31 Jan 2014 12:54pm EST 

Hansa Group AG:Announces that it has reached an agreement with all financing banks as well as key financing partners and Hansa Trust International AG's principal shareholders regarding a concept for a sustained financial restructuring of the company.Says settlement reached with the lenders will reduce debt by more than half.Says capital measures in the mid-double-digit million range designed to considerably strengthen the company's equity are also planned and will be borne to a degree by the principal shareholders.Says it expects to generate significantly positive earnings in 2015. 

Company Quote

0.281
-0.044 -13.54%
22 Jul 2014