UPDATE 1-German tycoon Merckle gets bridge loan, moratorium

Newswire

* Merckle to sign bridge loan agreement within days * Banks grant more time to repay existing loans (Adds spokeswoman comments on bridge loan) FRANKFURT, Dec 30 (Reuters) - German tycoon Adolf Merckle's investment vehicle VEM Vermoegensverwaltung will sign within coming days an agreement to obtain a bridge loan from banks, a VEM spokeswoman said on Tuesday. "Afterwards, we can deal with comprehensive refinancing of the group," the spokeswoman said. VEM said late on Monday it had ...

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