No cooperation between Moenus and Benninger

ence" appraisal at Benninger, it was found impossible to agree on the terms of the contract of sale, and Moenus therefore decided not to go ahead with the purchase.

Even without this merger, the Moenus group is well equipped for the future. The extensive restructuring measures are well advanced, preparing the group for a more difficult market with keener price competition.

Prof. Dr. Klaus G. Lederer, chairman of the board of management of Babcock Borsig AG, commented: "Our strategy remains unchanged; it does not depend on a particular partner. We remain on the lookout for cooperation opportunities for Moenus AG that will make the company even stronger."

Moenus Textilmaschinen AG
Oberhausen/Germany