Allianz, MAN Pay Off manroland Debt
November 13, 2009
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FRANKFURT, GERMANY—German concerns Allianz SE and MAN SE are paying off the remaining debt owed by manroland, the press manufacturer jointly owned by the two companies. Gerd Finkbeiner, CEO of manroland, told a newspaper here that ownership will replace the remaining liabilities entirely with equity. Allianz Capital Partners, a private equity arm of the German insurer, purchased a 65 percent interest in manroland from MAN in 2006.
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