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A-Tec: Will 100 Million be Given Up by the Creditors?

Published: October 27, 2010; 15:40 · (Vindobona)

The creditors' committee deliberates today on how the company will continue existing. Mirko Kovats, founder and CEO of the company, wants to make a "substantial contribution" to the issue.

A-Tec: Will 100 Million be Given Up by the Creditors? / Picture: © A-Tec

Restructuring of the ailing company, which recently called attention to itself because of its failure to refinance a corporate bond, will cost over 100 million euro. The question now is how this sum is to be financed. In principle, Erste Bank and Raiffeisen International Bank are prepared to do this, but they want to be provided with sufficient guarantees, perhaps through…

This article includes a total of 183 words.

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