Babcock In Dispute With Germany's HypoVereinsbank - Report
The move reportedly angered members of Babcock & Brown's 25-bank syndicate that is currently negotiating the firm's debt agreements.
Babcock halted trading of its shares Thursday pending the resolution of this funding dispute. Babcock said this week it would be "difficult" to remain in compliance with its debt covenants this year, calling into question its viability.
A spokesman for HVB Group declined to comment.
Newspaper Web site: http://www.theaustralian.news.com.au -By Cynthia Koons, Dow Jones Newswires; 61-2-8235-2959; cynthia.koons@dowjones.com
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(END) Dow Jones Newswires
November 20, 2008 17:17 ET (22:17 GMT)
Publié le 20 novembre 2008 Copyright © 2008 Dowjones
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