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A-Tec to be Dissolved

Published: October 1, 2011; 13:34 · (Vindobona)

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

A-Tec to be Dissolved / Picture: © Reuters

Every attempt for rescuing the insolvent A-Tec was without effect: the deadline for submission of quotations expired by September 30 2011, 12 pm. At this moment, € 210m should have been transferred to the account of the company by an investor. Thus, A-Tec could not achieve the 47%-quota, which would have been essential in order to secure the survival of the group.

Since October…

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A-Tec to be Dissolved

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

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