Article: Norwegian Aker BioMarine to borrow up to EUR 10.5m from main owner.

Article from:
ADP News Nordic
Article date:
September 17, 2009
Copyright

(ADPnews) - Sep 17, 2009 - Norwegian biotechnology company Aker BioMarine ASA (OSL:AKBM) said today it will borrow up to NOK 90 million (USD 15.4m/EUR 10.5m) from its main owner, industrial holding Aker ASA (OSL:AKER).

Initially, a loan of up to NOK 50 million will be drawn. The additional sum will be made available when Aker BioMarine has presented and received Aker's approval of a refinancing plan.

The collateral will be major company assets.

According to CEO Hallvard Muri, Aker BioMarine is ...

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