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Bids for the debt-laden textile company Sumeet Industries have been weaker than lenders expectations as high input costs and weak demand in the industry have kept large bidders away. Banks received bids ranging from ₹90 crore to ₹150 crore indicating a recovery of just 22%, much lower than the ₹250 crore or 40% recovery expected. ....
Investegate announcements from Oldenburgische Landesbank AG, Supervisory Board extends contracts of Management Board members Barth and Polster ahead of schedule ....
Investegate announcements from Oldenburgische Landesbank AG, OLB very successfully places first issue of a senior preferred bond in the amount of EUR 350 million ....