Exhibit 10.10


                                                               Execution Version

                    LUXEMBOURG S H A R E H O L D E R  L O A N
                       F A C I L I T Y  A G R E E M E N T I
                                (THE "AGREEMENT")


                                     BETWEEN


Sanitec International S.A., 19-21 boulevard du Prince Henri, L-1724 Luxembourg,
Grand- Duche de Luxembourg

                                   - hereinafter referred to as the "BORROWER" -

                                       and

Pool Acquisition S.A., 19-21 boulevard du Prince Henri, L-1724 Luxembourg,
Grand-Duche de Luxembourg

                                    - hereinafter referred to as the  "LENDER" -



PRELIMINARY REMARK, DEFINITIONS

(1)   The Lender holds approximately 93 % of all shares in the Borrower. The
      Borrower indirectly owns, through Pool Acquisition Netherland B.V. (in
      liquidation), 100 % of all shares in Sanitec Oy ("FIN NEWCO I"), a limited
      liability company established and organised under the laws of Finland,
      registered with the trade register of Finland under Company ID number
      1700086-7, with registered address in Helsinki, Finland . The Lender has
      received a loan from its shareholders pursuant to a Loan Facility
      Agreement (the "LOAN FACILITY AGREEMENT") and wishes to on-lend the
      proceeds of that loan to the Borrower and the Borrower wishes to accept
      such loan pursuant to the terms of this agreement (references herein to
      the Loan Facility Agreement also include any agreement that refinances
      it).

(2)   Fin NewCo I is the surviving company from the merger of Pool Acquisition
      Helsinki Oy with Sanitec Corporation, which took place after Pool
      Acquisition Helsinki Oy acquired 100 % of the shares of Sanitec
      Corporation, a company that was incorporated and existed under the laws of
      Finland having its registered office in Helsinki, Finland .

(3)   The funds necessary for the acquisition described under para. (2) above
      have been made available to Fin NewCo I by its shareholders in the form of
      equity and loan capital provided by the banks being party to (i) the
      senior multicurrency term loan and revolving

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                                                               Execution Version


      credit facilities agreement between inter alia Bayerische Hypo- und
      Vereinsbank AG as Arranger and Fin NewCo I dated 26 April 2001 as amended
      (the "SENIOR FACILITY AGREEMENT") and (ii) the junior facility agreement
      between inter alia Bayerische Hypo- und Vereinsbank AG as Arranger and
      Pool Financing Helsinki Oy, a company with limited liability duly
      established and organised under the laws of Finland, dated 26 April 2001
      as amended (the "JUNIOR FACILITY AGREEMENT"); the proceeds received under
      the Junior Facility Agreement have been on lent to Fin NewCo I via a
      junior on-loan agreement (the "JUNIOR ON-LOAN AGREEMENT"). The loans being
      granted pursuant to the agreements named under (i) and (ii) are
      hereinafter referred to as the "BANK LOANS" and the banks being parties to
      these loan agreements are referred to as "THE BANKS").

(4)   A portion of the loan granted under the Senior Facility Agreement has been
      refinanced by a pik loan (the "PIK LOAN") under a pik loan agreement (the
      "PIK LOAN AGREEMENT") initially entered into by Pool Sub-Financing
      Helsinki Oy, a company with limited liability duly established and
      organised under the laws of Finland (the "FIN NEWCO III"), as borrower and
      Bayerische Hypo- und Vereinsbank AG as lender (the "PIK LENDER")
      (references herein to the PIK Loan Agreement, PIK Loan and PIK Lender
      shall include any agreement that refinances the PIK Loan Agreement, and
      the loan made and lender under such agreement). FinNewCo III on lent the
      proceeds from the PIK Loan to Pool Financing Helsinki Oy, a company with
      limited liability duly established and organised under the laws of Finland
      (the "FIN(NEWCO II)"), under a pik on-loan agreement (the "PIK ON-LOAN
      AGREEMENT I") and FinNewCo II then on lent the proceeds to the FinNewCo I
      under a pik on-loan agreement II (the "PIK ON-LOAN AGREEMENT II").


(5)   Capitalised terms used herein shall have the same meaning as defined in
      the Senior Facility Agreement unless expressly otherwise defined in this
      Agreement.

Whereas the parties involved conclude the following


                             L O A N F A C I L I T Y


                                    SECTION 1
LOAN

(1)   The Lender grants the Borrower a loan (the "LOAN") consisting of one
      facility in the total principal amount of:

      (euro)312,043,586 (the "PRINCIPAL")


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                                                               Execution Version


(2)   The Borrower has already received the Loan proceeds or the equivalent.



                                    SECTION 2
DURATION, TERMINATION

(1)   The duration of this Agreement is 15 years.

(2)   The Loan can be terminated by the Lender by notice of three months to the
      end of a quarter, provided that the Loan shall not be terminated other
      than if requested by the Banks, if and as long as the Loan is
      contractually subordinated either to (i) the claims of the Banks under the
      Senior Facility Agreement and the Junior Facility Agreement pursuant to a
      subordination agreement (the "Subordination Agreement"), or (ii) to the
      claims of holders of notes (the "NOTES") issued by either the Borrower or
      an affiliate of the Borrower pursuant to a trust indenture.

(3)   Subject to any subordination pursuant toss.2 para (2) andss.5, the
      Borrower is entitled to terminate the Loan at any time.


                                    SECTION 3
INTEREST

(1)   The Loan shall bear interest on a daily basis (actual/360 days), starting
      on January 1, 2002, at a rate that is the same as the interest rate on the
      Loan Facility Agreement, and from the date of effectiveness of this
      agreement at a rate that is 0.0625 % higher than the interest rate of the
      Loan Facility Agreement.

      The parties agree to increase or reduce the interest rate by up to 1.0 %
      (100 basis points) if either party reasonably requests such increase or
      reduction in order to reflect market practice.

(2)   Each year, on 31 December at 12:00 AM, any unpaid accrued interest shall
      be capitalized to the Principal and the Principal shall be increased by
      such amount.

(3)   The interest shall be paid to the Lender in monthly part payments on the
      third working day of the following month for an account of the Lender
      still to be notified. However, as long as the claims of the Lender are
      subordinated pursuant to Section 2 and Section 5, the Borrower is not
      obliged to but may upon its own discretion pay interest provided that this
      is permitted under the subordination agreements referred to in Section 5.



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                                                               Execution Version


                                      SECTION 4
REPAYMENT

(1)   The Borrower is only obliged to repay the Principal and any uncapitalized
      interest in the event of termination of this Agreement or on expiry of the
      term set out in Section 2 para (1), subject to any subordination pursuant
      to Section 2 and Section 5 .

(2)   Subject to any subordination pursuant to Section 2 and Section 5 the
      Borrower may repay the Principal in whole or in instalments of at least
      EUR 25,000.00 prematurely according to its due discretion. In this event,
      the Lender shall not be entitled to compensation for premature payment. In
      case of a prepayment of the whole outstanding Principal, the Borrower has
      to pay the interest on such outstanding Principal on the date of the
      premature prepayment. In addition the Borrower may repay the Loan to the
      extent that it may be repaid pursuant to the terms of the indenture
      governing the notes issued by the Borrower.


                                    SECTION 5
PRIORITY OF THE LOAN

(1)   The parties acknowledge and approve that the repayment of the Principal
      and the uncapitalized interest are subordinate in priority to the
      repayment of the Bank Loans and/or the Notes in as far as provided in any
      respective subordination agreement and/or the Notes.

(2)   The Principal (including capitalised interest) and any uncapitalized
      interest and other remuneration thereon shall, upon the dissolution of the
      Borrower or in the bankruptcy of the Borrower, be subordinated to all
      other debts. The subordination is irrevocable.


                                   SECTION 6
NOTIFICATIONS

For the acceptance of declarations and services

a)   the Borrower names: Dr. Manuel Frias, 19-21 boulevard du Prince Henri,
                         L-1724 Luxembourg,
                         Facsimile +352/ 26 26 89-8 34

     with copies to:     Timo Lehto and Anne Jarvelainen
                         Sanitec Oy- Mikonkatu 15A, 01100 Helsinki
                         Facsimile +358-9773-1207


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                                                               Execution Version


b)   the Lender names:   Dr. Manuel Frias, 19-21 boulevard du Prince Henri,
                         L-1724 Luxembourg,
                         Facsimile +352/ 26 26 89-8 34


     with copies to:     Dr. Udo Simmat, Schottlestra(beta)e 8, 70597 Stuttgart,
                         Facsimile +49-711 / 9764-933


                                   SECTION 7
FINAL PROVISIONS

(1)   This Agreement shall be subject to the law of Luxembourg.

(2)   The forum for all disputes from or in connection with this Agreement shall
      be Luxembourg.

(3)   If any of the provisions of this Agreement should be or become invalid, in
      whole or in part, the validity of the remaining provisions shall not be
      affected. In such a case, the parties shall agree a provision in place of
      the invalid provision which, as far as possible, has the same legal and
      economic effect as the invalid provision.

(4)   If the provisions of this Agreement are ambiguous they shall be
      interpreted in a manner which best reflects the spirit, contents and
      purpose of this Agreement. Such interpretation should be based on the
      agreement the parties would have reached had they been aware of the
      ambiguity.

(5)   Clause Section 7 (4) above shall apply accordingly if this Agreement is
      incomplete.



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Sanitec International S.A.



................................., .......................................
Pool Acquisition S.A.