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Substantial Financing Needs for S&T Again
The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.
Substantial Financing Needs for S&T Again / Picture: © Vindobona.org
To fund ongoing operations until year-end S&T will need further € 3.5m in loans. The group is already in debt for € 90m, including € 55m of bonds. Just recently, S&T was granted funds for € 6m. The fresh funds will be required to obtain a positive continuation prognosis. Otherwise, the balance sheet of 2010 cannot be fully confirmed.
Currently, the foreign…
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