BNB babcock & brown limited

babcock & brown says has deal with its banks

  1. rusty182
    685 Posts.
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    04/12/08
    08:28
    Post #: 4571158
    SYDNEY, Dec 4 (Reuters) - Australian investment firm Babcock & Brown Ltd (BNB.AX: Quote, Profile, Research, Stock Buzz) has reached a deal with its creditor banks, a company spokeswoman said on Thursday.

    The company has been in a dispute with a bank over the release of a deposit, and has been in talks with its banking syndicate on a restructure of its banking arrangements.

    Details of the deal are expected to be announced at later on Thursday, the company said.

    Trading in its shares have been suspended. (Reporting by Mette Fraende
    BNB Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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