German banks provide KirchMedia with Euros 100m

By 2002-04-19T04:30:00

German banks Commerzbank, HypoVereinsbank, Bayerische Landesbank, and DZ Bank have reportedly agreed to provide the crisis-ridden KirchGroup's KirchMedia with Euros 100m working capital to enable the company, which filed for Chapter 11 at the beginning of last week, to continue operations as a going concern.

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