AE & E: No Agreement on Sale Talks

IndustrialsConstruction ♦ Published: November 16, 2010; 15:16 ♦ (Vindobona)

No agreement could be reached with the interested party from Hong Kong. The search for a buyer is under intense pressure of time.

AE & E: No Agreement on Sale Talks / Picture: © AE&E

The subsidiary of the insolvent A-Tec Group, the Styrian industrial plant construction company AE&E will not be sold to Mass Financial Corp. of Hong Kong. The search for buyers continues. AE&E has only time until tomorrow Wednesdy to raise the amount of 15 million euro or to find an investor who provides capital. This is the only way the company will be able to survive under…