A-Tec: Restructuring Plan Accepted

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…

This article includes a total of 223 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

A-Tec: Restructuring Plan Accepted

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.