MBI International sticks to Backhausen

Wien (OTS) - Andrea King, Head of Corporate Communications of MBI
International, the holding company of Sheikh Mohamed Bin Issa Al
Jaber: "We have promised the family Backhausen to deleverage their
businesses and provide them with fresh working capital. It was
planned to carry out the restructuring off the record. The banks
involved were party to all discussions about the restructuring and
they were very happy for our intervention. There was no payment
pressure until the bank submitted an application for bankruptcy and
put the company under unnecessary pressure. Otherwise it would have
been irrelevant whether the new funds would have been paid by October
9th or on a different day. Despite this unusual approach by the bank,
we stick to our agreement with the family Backhausen and continue
working on the restructuring of the company Backhausen.

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | GAI

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