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A-Tec Quota Too Low for Creditors

Published: December 17, 2010; 00:49 · (Vindobona)

The group has not defined an overall quota yet. What is certain, however, is that the current offer will be too low for the creditors.

A-Tec Quota Too Low for Creditors / Picture: © Reuters

The insolvent A-Tec Group of Mirko Kovats is in midst of a restructuring process under self-administration. Within two years, the group must pay at least 30% of its liabilities. Mirko Kovats offered in addition the proceeds of a share of 25.1% of A-Tec. Kovats is still majority owner.

This quota is not enough for the creditors. The group consisting of four divisions has already…

This article includes a total of 179 words.

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