The company logo at the Imtech headquarters of the German Hamburg Photo: EPA / Daniel Bockwoldt
Talks between Imtech and its financiers are again faltered. That makes the ailing Gouda installation this morning announced in a brief press release.
The talks are still ongoing according to a spokesman. The aim is to “keep as much of the group together”
Update 13:54 pm. The Telegraph reports that have been Imtech employees by email commissioned new obligations to avoid.
A spokesman for Imtech can request to comment on the reports.
All options are on the table
Imtech realized fail multiple calls on emergency funding . The important German branch of the company was in great financial difficulties and had to file for bankruptcy last week.
All options are on the table for the parent company, including deferred payment. The value of the Imtech share evaporated in recent days; the share price fell by 75 percent.
The share price Imtech stood around 13.30 on 47 cents. That’s about 33 percent lower than the close last Friday.
Bankruptcy threatens emergency funding fails
The Dutch multinational with 22,000 employees needs at least 75 million euro in the short term. On that it is negotiating with its lenders, forty in total. If Imtech receives no money, is threatening bankruptcy.
Two weeks ago Imtech announced that, on some small details would be agreed an emergency loan worth 75 million euros. These details proved more difficult than expected, making last week the news came out that the emergency package was table.
The installation, once the apple of Dutch investors, already finds two years in trouble. Imtech is haunted by the consequences of a too rapid expansion. Moreover, the company is haunted by an accounting scandal in Germany and amortization of 100 million at an amusement park in Poland
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