News and Announcements
Altech Chemicals Appoint Due Diligence Consultants
- Published August 10, 2016 12:06PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
10th August 2016, ASX Announcement
Highlights:
- Altech and KfW IPEX-Bank appoint lenders due diligence consultants
- Technical, market and legal due diligence
- Reputable international audit firm to provide “expert opinion” also mandated
- Due diligence initiation meeting held in Stuttgart, Germany
- Due diligence site visits at Meckering and Johor conducted last week
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to provide an important update on the progress of financing for its proposed high purity alumina (HPA) project.
Following the announcement 3 August 2016, of a positive pre-assessment by the German Government inter-ministerial committee (IMC) and Euler Hermes Aktiengesellschaft (Euler Hermes) of Altech’s export credit project finance application (refer ASX Announcement dated 3 August 2016 for details), due diligence consultants have now been appointed.
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