Imtech: RECALL - THIS IS THE CORRECT PRESS RELEASE ON FURHTER UPDATE DISCUSSION WITH FINANCIERS
Further update on discussions with financiers
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No agreement has been reached with financiers for an increase of liquidity headroom
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Ongoing dialogue with financiers
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Royal Imtech and Imtech Germany are evaluating the current situation
Further to its press releases of 28 July and 4 August last, Royal Imtech N.V. (`Royal Imtech`) provides a further update on the discussion with its financiers.
As announced, Royal Imtech and its financiers were in an ongoing dialogue about all possible long term structural solutions and about an amendment to the financing arrangements, including an increase in liquidity headroom for the group and its subsidiaries, by utilising a portion of its available guarantee headroom. As has been announced, these funds were also designated to be used by Royal Imtech for additional commitments of Royal Imtech towards Imtech Germany in addition to already existing commitments of Royal Imtech vis-a-vis Imtech Germany.
After further and detailed discussions with the financiers, no agreement has been reached on the request by Royal Imtech to grant additional liquidity headroom also in light of the requirements of German law. Royal Imtech continues its discussions with financiers.
Royal Imtech and Imtech Germany are evaluating the current situation taking into account German legal requirements and its consequences for Imtech Germany and more in general the consequences for Royal Imtech.
Royal Imtech will update the market as soon as possible more specifically on the consequences of these developments.
More information
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Dorien Wietsma | Jeroen Leenaers |
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of electrical solutions, automation and mechanical solutions. With approximately 22,000 employees, Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European market of Traffic as well as in the global marine market. Imtech offers integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society - for example, in the areas of energy, the environment, water and traffic. Imtech shares are listed on Euronext Amsterdam.