ABB requests debt deadline extension
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 31 Oct 2002 9:50
The Swiss-Swedish engineering company, ABB, has announced it’s been in talks with numerous banks to extend the deadline for repaying $1 billion (£641 million).
The repayment deadline of December 17 will only be met by ABB if the sale of its finance arm to General Electric is approved by regulators. The company is also selling assets to meet debts totalling $3.7 billion.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Manufacturing is to begin again at Fort Dunlop
MANUFACTURING: Refurbished landmark industrial...
more…
McCain’s is to migrate to wind power
FOOD: Turbines to provide over half annual power...
more…
New president of the SBAC defends the right to fly
AEROSPACE: Entering a defining period where...
more…
Sheffield Forgemasters
Sheffield Forgemasters is to give its 700-strong...
more…
SSL International
SSL International, which manufactures Durex...
more…
no comments yet...