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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: © Reuters

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.

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