Kazincbarcika, Hungary - Press reports in Hungary have suggested an Asian investor may have bought a significant part of BorsodChem's mezzanine loans with the co-operation of an investment bank.
BorsodChem ceo, Wolfgang Büchele said in an interview with Hungarian news agency MTI that the company is seeking written confirmation. "This move may be regarded as hostile because in the case of mutual interests, there would have been no need for an investment bank," Büchele said.
The company has recently been in talks with the Hungarian government over financial support. Büchele told MTI that although the Asian investor may conform to any agreements made with lenders, "there is a suspicion they have other intentions." (RD)