A-Tec Subsidiary: Negotiations with Banks have Failed

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…

This article includes a total of 177 words.

or Log In

Fast News Search

Join us to succeed in Vienna! Sign up to read articles for free and to get personalized updates on the events that interest you.

A-Tec Subsidiary: Negotiations with Banks have Failed

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.