Dispute Over A-Tec´s Liquidation

Politics ♦ Published: October 3, 2011; 11:56 ♦ (Vindobona)

After the Sale of the insolvent Austrian A-Tec has failed, the subsidiaries will be sold separately. Austrian politicians warn of the loss of jobs, technology and tax revenue.

Dispute Over A-Tec´s Liquidation / Picture: © Vindobona.org

The sale of the remaining subsidiaries of A-Tec starts. ATB, Emco and Brixlegg will soon become new owners. A-Tec´s liquidator Matthias Schmidt does not exclude the sale of the whole A-Tec group, but this scenario is “unrealistic”. The fulfillment of the quota of 47% would be an “illusion”.

Now Schmidt introduces the sale process “in order to achieve the best solution…