Bankruptcy Law News
6/30/2009 11:06:52 AM EST
Quelle gets government credit to stay afloat
BERLIN – (AP) German authorities have agreed to give a euro50 million ($70 million) credit line to Quelle GmbH, the mail-order unit of insolvent department store owner Arcandor AG, to keep its business afloat.
The federal Economy Ministry and Bavaria's state finance minister, Georg Fahrenschon, said a government committee agreed Monday night that … Full version (available to lexis.com subscribers) Create an account or login to post comments.