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Banks support Heye-Glas

After negotiations German glass machinery manufacturer Heye-Glas“ Insolvency Administrator Stephan Htershinken recently succeeded in receiving valuable guarantee agreements from the banks involved in…

After negotiations German glass machinery manufacturer Heye-Glas“ Insolvency Administrator Stephan Htershinken recently succeeded in receiving valuable guarantee agreements from the banks involved in the company“s insolvency procedure. These agreements amount to two-digit million Euro figures and will also be valid after 1st August, when the regular insolvency procedure begin. These agreements clearly prove that the banks stand firmly by the company and have a strong interest in its successful and long-term existence. The guarantees are expected to have a positive influence on the international machinery and equipment business of Heye-Glas. Stephan Hltershinken said: Actually, I never doubted that the banks would furthermore actively support Heye-Glas. They are now, as before, convinced by the performance and innovation strength of this company and are making their contribution to its restructuring.”

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