BBP SEEKS FINANCING

5 June 2002


Shares in German engineering group Babcock Borsig Power fell to E1.9 on 21 June, from a high of E9.0, with the news that the group was seeking financing of E200 m to help pay staff salaries. The company said it was in talks with banks over a short term injection of cash. The group has been in difficulties since the sale of its profitable HDW shipyard.



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