A-Tec Restructuring Plan Confirmed

IndustrialsIndustrial Goods ♦ Published: May 12, 2011; 07:46 ♦ (Vindobona)

With a quota of 47%, the restructuring plan of the insolvent A-Tec was confirmed.

A-Tec Restructuring Plan Confirmed / Picture: © A-Tec

The restructuring plan of the insolvent company is legally binding after the approval of the 47% quota. The ruling provides security now, although it was expected. The quota must be paid out by September 30. The amount of liabilities to be paid is estimated at between € 220 and € 230m.

Meanwhile, the sale process continues. An investor to save Mirko Kovats’s business group…