The struggling Polish construction firm Polimex-Mostostal got a reprieve today when banks and shareholders agreed to suspend the execution of the company’s debts for another four months. The total value of the company’s liabilities is reportedly around PLN 2.4bn, with non-current liabilities reaching as much as PLN 410m. More than PLN 1bn of the company’s debts are from bonds sales and loans. The remaining debt surrounds payments to its subcontractors and suppliers. Polimex-Mostostal’s main debtor is the state-owned PKO BP bank.
