A-Tec: Restructuring Plan Accepted

CompaniesTechnology ♦ Published: December 30, 2010; 00:28 ♦ (Vindobona)

The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.

A-Tec: Restructuring Plan Accepted / Picture: © Vindobona.org

After tough negotiations, it was finally announced on Wednesday that the insolvent A-Tec group has no need to file a bankruptcy petition for the moment. The restructuring plan offered by the group was accepted by the creditors' meeting at the Commercial Court in Vienna.

The quota agreed on is 47%, in addition, the creditors receive a "super-quota”. Its specific amount has to be…