condomi AG
condomi AG: Start of financing negotiations
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
——————————————————————————–
condomi AG: Start of financing negotiations
Cologne, November 27/2003. The liquidity and the financial power of condomi
deteriorated continuously due to a failure of the growth and investment
strategies taken in the past. condomi AG has begun negotiations with its bank
pool and presented a financing concept which shall enable condomi to continue
the turnaround-measures already started and to ensure the substantial going
concern of the company. This concept includes among other things the provision
of a short term bridge financing and measures to strengthen the shareholders’
equity. The pooling banks have signalized their readiness in principle to take
part in a solution. The finalization of the negotiations is expected for
December. At the same time the company is looking for other external sources of
financing.
If these negotiations fail, the going concern of condomi AG and its direct and
indirect subsidiaries with the exception of unimil S.A cannot be ensured.
The preliminary financial statements of condomi AG and the condomi Group will
be placed on November 28, 2003 on the website of the German Stock Exchange
http://www.deutsche-boerse.com and on the website of condomi AG
http://www.condomi.ag .
Please direct any inquiries to
Jens Waldhof
Chairman of the Management Board
Venloer Strasse 231 b
50823 Cologne, Germany
Telephone +49 (0)221 50 04-400
Telefax +49 (0)221 50 04-499
E-mail ag@condomi.AG
end of ad-hoc-announcement (c)DGAP 27.11.2003
——————————————————————————–
WKN: 544490; ISIN: DE0005444905; Index:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-
Bremen, Düsseldorf, Hamburg, München und Stuttgart
272041 Nov 03
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden