ELSA AG
ELSA AG english
Continuing negotiations with Investor impossible under given time pressure
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Continuing negotiations with strategic Investor
impossible under given time pressure
Going concern of the company remains unsecured
The credit facility provided by members of a banking pool had been terminated
for February 15, 2002 as previously reported.
Continued negotiations with an industrial investor have lead to a letter of
intent. The short term availability of proceeds was subject to due diligence.
Negotiations have been discontinued after the banking pool did not extend the
repayment date and access to the companies accounts in order to give the company
the required time to execute due diligence and final contract negotiations.
Thus a going concern of the company remains unsecured.
end of ad-hoc-announcement (c)DGAP 22.02.2002
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WKN: 507360; ISIN: DE0005073605; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
221726 Feb 02
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