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Rescue company for Babcock Borsig

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(D) – The committee of creditors for the insolvent German engineering group Babcock Borsig AG approved last week the future concept of the rescue company Babcock Borsig PowerSystems GmbH (BBPS). Chairman Horst Piepenburg commented that the new BBPS would be “a very strong player on the market.” With its 2,600 ...

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