A-Tec: Significant Increase of Quota is Probable

Industrials › Industrial Goods ♦ Published: December 28, 2010; 21:14 ♦ (Vindobona)

According to what is being heard about the negotiations of the creditors, it is clear that the quota should be increased. The vote on the restructuring plan takes place on Wednesday.

The group belonging to Mirko Kovats, undergoing restructuring procedures, will have its restructuring plan voted on today, December 29. If A-Tec's plan is not accepted, bankruptcy threatens the group.

Until recently, the current offer was for a quota of 30% and a share of 25.1%. It is however expected presently that the restructuring quota offered will be increased to 47%. Under…

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