German companies are to receive state aid row

BERLIN (Reuters) – German companies are showing great interest in the State aid which the Government ordered under their double stimulus plan, said on Sunday a spokesman for the Ministry of Economy .

Not all applications leads to a specific offer (help), added the spokesman.

The officer responded to a report by the magazine Der Spiegel that an increasing number of major German companies are interested in loan guarantees and 115,000 million euros (156,000 million U.S. dollars) arranged in incentive plans.

The magazine noted that the Porsche and BMW automotive consulted the state bank KfW on eligibility for government loans. Porsche declined to comment on banks that are in contact.

BMW also declined to comment on. The car maker said in the past that he considered borrowing collateral.

Spiegel said the country's biggest builder, Hochtief, requested a loan, but the company denied needing aid.

Hochtief do not need state financial aid, said a spokesman.

Spiegel reported Heidelberger Druck, the largest manufacturer of printing machines in the world, requested 300 million in loans and 400 million euros in guarantees, which were approved on Wednesday.

Heidelberger Druck was not immediately available for comment.

On Friday, the German retailer Arcandor burdened by debt that was planned to ask the government 650 million euros (885 million U.S. dollars) in loans and loan guarantees by the bank in the German state of development.

Arcandor banks sought to send the application by the end of next week, he said.

Reuters reported Thursday that between 500 and ask for Arcandor 700 million euros in loan guarantees and credit facilities is also asking state.

The government has up to 75,000 million euros in guarantees and 40.000 million in loans under the package stimulus.

Economy Minister Karl-Theodor zu Guttenberg told the Welt am Sonntag newspaper that the aid would be distributed according to clear criteria and objectives.

(dlr 1 = 0.7384 Euro)

(Reporting by Gernot Heller, Christian Hetzner, Matthias Inverardi and Hendrick Sackmann, writing by Paul Carrel, edited by Marion Giraldo in Spanish)

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