A-Tec CEO Kovats: Refunding After 2nd November Possible

People ♦ Published: October 18, 2010; 18:35 ♦ (Vindobona)

“There will be a solution.” Discussions with investors continue.

A-Tec CEO Kovats: Refunding After 2nd November Possible / Picture: © A-Tec

The share of A-Tec experiences a sharp drop. Today, the price fell by more than 8 % down to 5,6 euros per share. Due to a profit warning of the holding company current investors feel uncertain, potential investors are diccouraged. What is more, a bond has its expiration date in November 2010.

By contrast, CEO Mirko Kovats emphasizes his certainty: "There will be a solution". He…