13/03/2009

Moratorium extended

BG was granted an extension of the moratorium of Hansa today.
Read about the background and implications HERE.

1 comment:

Hakan said...

As I understand it the debts of Hansa are now believed to be well above any sum that could reasonably be expected from the sale of WH. This means that the creditors are less likely to push for a quick sale. Unless one or more of the major creditors are desperate for cash. But their behaviour so far seems to indicate that this is not the case. Or maybe that's just the impression the want to give...