Article Tools

DiTech: Insolvency Postponed

Published: March 14, 2014; 17:27 · (Vindobona)

Heavily affected computer equipement trader DiTech has to postpone filing for insolvency proceedings, which was planned today at the Commercial Court in Vienna.

DiTech is forced to act swiftly as the creditor banks have already communicated not to povide further funds anymore. / Picture: © Ditech

The reason for the delay is because negotiations with the potential investor are dragging on. However, affiliate DiMotion, which has focused on the assembley of servers, PC systems and laptops, was sent into insolvency. Ten employees will be taken over by DiTech. According to credit protection association KSV, DiMotion has liabilities in the amount of € 600,000 towards suppliers and a…

This article includes a total of 223 words.

or Log In