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Hypo Group Sold AluFlexPack to MTC

Published: November 30, 2012; 19:35 · (Vindobona)

After months of negotiations, the Austrian nationalized bank sold the Croatian aluminum company to the Switzerland-based Montana Tech Components.

Hypo Group Sold AluFlexPack to MTC / Picture: © Flickr

The Viennese investor Michael Tojner, who partially owns MTC, and Hypo Group agreed on the sale of the biggest Croatian aluminum company. The sales price was not disclosed. Analysts estimate that the price may reach about € 50m.

In July, MTC (Montana Tech Components) and Hypo Group withdrew from the sales contract, which was signed in January. Initially, the closing was…

This article includes a total of 236 words.

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