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A-Tec: Compromise Between Banks and Creditors
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The creditors of the ailing industrial group A-Tec have been able to reach a compromise with the banks to provide further financing for the Group.

The agreement was reached because of massive pressure exercised by the banks. The compromise is therefore primarily at the expense of the creditors: all conditions made by the banks have been widely accepted. Liquidity of AE&E is assured until October 2011. Liabilities and loans are said to amount to between 97 and 150 million euro.
As negotiations have however not been…
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