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The Executive Board of Rettenmeier Holding Reached Agreement

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Core Tip: The executive board of Rettenmeier Holding reached agreement with all of the institutes participating in the bank consortium on an extension of existing credit lines up

The executive board of Rettenmeier Holding reached agreement with all of the institutes participating in the bank consortium on an extension of existing credit lines up to the end of 2015. Despite the fact that some of the guidelines for 2012 expected by the banks were not met on account of the generally difficult economic conditions, the holding does not required any additional liquidity. Income generated by the sale of various assets, including the sale of the Gaildorf-Unterrot site in November and the sales process for the subsidiary Rettenmeier Polomka Timber, which was concluded in mid-2012, was used to partially redeem existing liabilities.

 

 
 
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