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Baumax: Banks demand rescue plan for Eastern Europe

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Published in issue 51/2012
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According to information published in the Wirtschaftsblatt, Austrian DIY-store chain Baumax AG, Klosterneuburg, has been granted a period of two years by its creditor banks within which to implement a rescue plan. Apparently a moratorium on payments has been agreed. As a consequence the loans will not become due for ...

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