Merckle 's investment company , vem , owes banks 5 billion .

默克的投资公司vem欠银行五十亿欧元。

But vem had to hand over significant collateral to the banks as a prelude to a broader restructuring in the coming months that is expected to strip the holding company of many of its assets , according to people familiar with the matter .

但据知情人士称，vem必须向这些银行提供大笔的抵押品，作为未来数月一项涉及面广泛的重组活动的序幕，预计这项重组将剥离掉vem的多项资产。

Refinancing talks with banks in recent weeks proved difficult because creditors were wary of extending vem new funds without sizable guarantees , and mr. merckle was reluctant to concede too much control , according to people familiar with the matter .

最近几周与银行的再融资谈判进行得很艰难，据知情人士说，债权人在没有相当规模担保的情况下对继续给vem贷款很谨慎，而默克尔不愿让出太多的控制权。