News and Announcements
Altech Positive Pre-Assessment German Export Credit Finance
- Published August 05, 2016 4:11PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
3rd August 2016, ASX Announcement
Highlights
- Positive pre-assessment by German inter-ministerial committee
- Important milestone in the assessment process of Altech’s ECA application
- Formal detailed due dilligance of the project to commence
Altech Chemicals Limited (Altech/the Company) (ASX: ATC) is pleased to report that it has been officially advised by Euler Hermes Aktiengesellschaft (Hermes), the German Export Credit Agency (ECA), of a positive pre-assessment by the German Government inter-ministerial committee (IMC) and Hermes, of Altech’s export credit project finance application for cursory review (refer ASX Announcement dated 22 March 2016 for details).
The positive pre-assessment of Altecch’s export credit application is an important milestone in the assessment process of the Company’s high purity alumina (HPA) project and its ECA application.
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