Michaniki Won’t Proceed With Capital Increase, Euro2day Reports
Greece’s economic crisis and liquidity issues the builder faces raised concerns Michaniki wouldn’t be able to obtain the amount it wants, the Athens-based news site said, without citing anyone.
Michaniki, which may proceed with the capital increase when market conditions improve, is in talks with creditors to get a 120 million euro loan to refinance existing debt and boost capital for operations, Euro2day said.
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