Tuesday, May 26, 2009

IVG to Seek State Loan Guarantees, Frankfurter Allgemeine Says Income.

May 26 (Bloomberg) -- , Germany’s largest commercial real-estate company, will quest after credit guarantees of 300 million euros ($420 million) from the government, said, citing unnamed populate in pecuniary circles. IVG needs the guarantees for a 320 million-euro advance that’s due for repayment in the bat quarter, the newspaper said. In March, IVG renegotiated 1.3 billion euros in merit lines to 2012, after it posted a lattice harm of 451.7 million euros in 2008 compared with get revenue of 301 million euros a year earlier.

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