German owner Marenave has gained another month to secure new investment as part of its restructuring.
The company said banks will not demand repayment of loans until at least 31 March, from 28 February previously.
This gives it time to seal a refinancing agreement with Offen Group and insurer DEVK announced last month.
It said Offen company CPO Investments and DEVK will pump in an initial EUR 2m ($2.1m),
