It is currently unclear whether Imtech Germany will need to draw on the credit line because its liquidity has developed better than expected, Peter Alexander Borchardt said in a statement.

He also said Imtech Germany's roughly 4,000 employees would be paid their wages as planned next week, thanks to a government programme that steps in to pay workers when a company becomes insolvent.

(Reporting by Maria Sheahan; Editing by Georgina Prodhan)