Dec 23, 2013. /Lesprom Network/. Vaahto Group’s financing negotiations have been completed. As a result of the successful negotiations, the Group received Euro 2 million in additional funding from its owners. Simultaneously, the credit institutions have forgiven loans of Euro 1 million. In the negotiations, the credit institutions and owners agreed to grant an exemption from repayments of loans to the parent company and its subsidiaries. The exemption is valid until December 31, 2014, as the company said in the press release received by Lesprom Network.

As another result of the negotiations, the credit institutions agreed to forgive loans of Euro 2 million if certain contract terms will be fullfilled during the 1Q 2014. Vaahto Group considers it likely that the terms will be met.

Vaahto Group is a globally operating high technology company serving process industry in the fields of pulp and paper machinery and process machinery.