AE&E: Next Insolvency is Coming Up

IndustrialsIndustrial Goods ♦ Published: November 25, 2010; 15:19 ♦ (Vindobona)

A subsidiary of the insolvent AE&E group in Raaba is negotiating with the Styrian plant manufacturer Andritz. They have time until Friday.

AE&E: Next Insolvency is Coming Up / Picture: ©

The negotiations over the operational AE&E subsidiary are being conducted primarily with Andritz. There must be an agreement by tomorrow, otherwise the next insolvency in the A-Tec Group wil be filed, announces Hans-Georg Kantner from the KSV.

An insolvency could well be in the interest of potential investors, since they hope for a cheaper purchase. In the environment of…