A-Tec Subsidiary: Negotiations with Banks have Failed

Industrials › Construction ♦ Published: November 15, 2010; 11:33 ♦ (Vindobona)

The Kreditorenschutzverband (KSV, Creditors Protection Association) has confirmed that negotiations have failed. The Styrian AE&E is to be sold.

A-Tec Subsidiary: Negotiations with Banks have Failed / Picture: © AE&E

The spokesman for the creditors' committee, Hans-Georg Kantner confirmed the discontinuation of the negotiations between banks and creditors. The subsidiary of the insolvent Mirko Kovats's A-Tec group, the Styrian industrial plant manufacturer AE&E (Austrian Energy & Environment), will therefore have to be sold after weeks of negotiations which ultimately failed.

This is…

or Log In

Fast News Search
Related News
AE&E: New Details on Negotiations (November 12, 2010)
A-Tec: No Agreement Yet (November 8, 2010)
A-Tec: Compromise Between Banks and Creditors (November 5, 2010)
A-Tec: Financing Only Secured Until January (November 2, 2010)
A-Tec: Banks Working on Counter-Proposal (October 30, 2010)
A-Tec Creditors: Minimum Rate Too Low (October 22, 2010)
A-Tec - Creditors are Demanding more Money (October 22, 2010)
A-Tec Offers a 30% Quota (October 21, 2010)
Bond Refinancing Collapsed: A-Tec Starts Insolvency Proceedings (October 20, 2010)
Read More
Creditors Meeting, Illiquidity, Construction Industry, AE & E, Insolvencies, Mirko Kovats, ATec
Featured
How the Police Files from the Uyghur Detention Camps Reveal China's Understanding of Human Rights
See latest Vindobona Newsletter