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A-Tec: Kovats Wants to Stay on Board

Published: July 15, 2011; 06:18 · (Vindobona)

CEO Mirko Kovats does not want to give up control over the Austrian conglomerate. He is trying to push through a sale to his favorite bidder which would give him a role in the group.

A-Tec: Kovats Wants to Stay on Board / Picture: © Reuters

Shortly before the sale of his insolvent group A-Tec will be finalized, Mirko Kovats himself is intervening in the negotiations. According to press reports, he is lobbying for his favorite bidder, the fund Springwater Capital which submitted an offer together with Chinese Wolong Electric. Kovats would participate in the consortium and thereby retain control over his group. He is…

This article includes a total of 213 words.

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