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A-Tec to be Dissolved

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

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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: © Vindobona.org

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…