Germany's manroland mass credit approved; continuation of production and business secured
AUGSBURG, Germany, Dec. 2, 2011 (Press Release) - For the insolvent manroland AG the provisional insolvency administrator Werner Schneider has secured an agreement for a so-called "Massekredit" (similar to debtor-in-possession financing). "Continuation of production and business operations at manroland is therefore secured," said Werner Schneider, a financial auditor.
