A-Tec Sale: Penta Sues

CompaniesTechnology ♦ Published: September 20, 2011; 13:28 ♦ (Vindobona)

The Czech-Slovak investment consortium Penta, which made a bid in the A-Tec sale, sues against the award for the competitor Contor Industries.

A-Tec Sale: Penta Sues / Picture: © A-Tec

Penta filed a lawsuit against A-Tec at the commercial court in Vienna. The restructuring plan “did not permit that an undercover agent becomes party of the agreement and thus investor”. A delay or even a collapse of the sale to Contor Industries could be the consequence.

The Czech-Slovak investment group is convinced that the offer of Contor “seriously breaks the rules of…