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…

This article includes a total of 222 words.

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