The Polish builder Polimex-Mostostal is hoping to reach an agreement with its creditors, after taking a heavily hit during the financial slump. Many market observers see the settlement as a mere formality, but the CEO of one of Polimex’s biggest creditors, Luigio Lovaglio of Pekao, is reportedly holding up talks. With the exception of Lovaglio, all of Polimex’s other creditors have already signed the agreement, according to the daily Puls Biznesu, including Pioneer Pekao TFI, another of Polimex’s key bondholders. “We refuse to comment on any details of the negotiations,” said Arkadiusz Merzwa, spokesperson for Pekao.
