A-Tec Accepts Offer of Contor Industries

Published: September 5, 2011; 18:55 · (Vindobona)

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

A-Tec Accepts Offer of Contor Industries / Picture: © A-Tec

A-Tec Industries AG will be sold to Contor Industries GmbH. The insolvent group today announced that it has accepted the offer of Contor Industries to fulfill the 47% quota under the restructuring plan.

The successful bidder is going to split up the group. In order to be able to pay the € 210m due on 30 September, Contor Industries sells three parts of A-Tec: The Chinese engine…

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A-Tec Accepts Offer of Contor Industries

After several months of negotiations a decision has been made: The group will be split up, ATB and Montanwerke Brixlegg will be sold to foreign investors.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.