Chinese Interest for ATB

IndustrialsIndustrial Goods ♦ Published: October 1, 2011; 22:09 ♦ (Vindobona)

After the collapse of the takeover of A-Tec, the subsidiary has to be sold separately. The Chinese Wolong group plans to acquire the Austrian automotive company.

Chinese Interest for ATB / Picture: © ATB

The Wolong group already submitted an offer for ATB during the sale process of A-Tec. The sale process failed, but Wolong emphasizes its interest in ATB: “If there is a new invitation of tender, we will surely participate.”, Jiangcheng Chen, CEO of the Wolong group stated. “We aim to reach the conclusion via the liquidator.”

Chen alreday travelled to Vienna in order to…

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