- All repayments of will be suspended until the end of 2014
- Negotiations about fresh-money facility in final stage
- CEO Oliver Scholz: "Milestone for restructuring of Scholz Group achieved"
Scholz Group has agreed on an extensive standstill agreement with its financing parties. It is implied that all repayments will be suspended until the end of 2014. The agreement has been concluded with the financing banks, real-estate financiers, promissory noteholders as well as factoring banks of Scholz AG. The credit insurance companies have also signaled to positively support the agreement. In addition, the core banks are willing to provide a
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