GERMANY - Print media company Heidelberger Druckmaschinen Aktiengesellschaft (Heidelberg) has decided to transfer the funding of its pension obligations to a contractual trust arrangement (CTA), with an initial transfer of e450m.
The e450m has already been set aside to meet the pension obligations. It is comprised of all the shares in special funds held by Heidelberg, worth around e370m, and a cash payment of around e80m. ...
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