A spokeswoman for manroland confirmed that its shareholders had given the German press manufacturer the money to clear the remainder of its senior loan facility, following comments made by manroland chief executive Gerd Finkbeiner.

Finkbeiner (pictured) told German newspaper Frankfurter Allgemeine Zeitung last week that the company would soon be completely debt-free.

“Our owners will replace the remaining liabilities entirely with equity,” he added.

Allianz bought a 65% stake in mManroland in July 2006 in a leveraged deal that left the printing press manufacturer with a significant debt.

Allianz and MAN Group were unavailable for comment at the time of writing.

Read the original article at www.printweek.com.

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