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A-Tec Has to Divest Itself of Holdings

Published: December 20, 2010; 22:42 · (Vindobona)

In the course of restructuring, several holdings of the insolvent conglomerate are sold in order to achieve an appropriate quota.

A-Tec Has to Divest Itself of Holdings / Picture: © Reuters

Until now, attempts were made to sell the group as a whole. The restructuring manager, Matthias Schmidt, could not find until now any interested parties, and still has about four months to do so.

For this reason, it seems more realistically to have the group broken up and to use  the proceeds from the sale to pay the creditors quota. On Wednesday there will be a meeting of…

This article includes a total of 288 words.

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