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manroland secures continuation of business operations

Mass credit approved
December 06, 2011 | By IPP Newsdesk (based on a press release)

manroland has managed to continue its production and secure its business operations, according to the provisional insolvency administrator Werner Schneider, who has secured an agreement for a so-called ‘massekredit’ (similar to debtor-in-possession financing). “The company can continue to do business with customers and suppliers and we are sending a very positive signal to the market,” adds Schneider. ...cont´d

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