Insolvency of AE&E

Industrials › Industrial Goods ♦ Published: November 26, 2010; 13:38 ♦ (Vindobona)

No agreement over the purchaser of the AE&E subsidiary could be reached. However, Andritz is still considered as a prospective buyer.

Insolvency of AE&E / Picture: © AE&E

AE&E Austria GmbH & Co KG has filed the insolvency application before the KSV (Credit Protection Association) as already expected. The plant constructor with seats in Styria and Vienna, will tread the path of restructuring, as previously the whole A-Tec and the parent company AE&E Group. Liabilities amount to € 227 million, and approximately 380 employees and 600…

or Log In

Fast News Search
Related News
AE&E: Next Insolvency is Coming Up (November 25, 2010)
AE&E Files Insolvency Application (November 24, 2010)
AE&E: Survival Less Likely Every Moment That Goes By (November 22, 2010)
AE&E: Negotiations Under High Pressure (November 18, 2010)
A-Tec: New Hopes with Ronny Pecik? (November 17, 2010)
AE&E: Staff asks for continuity concept (November 17, 2010)
AE & E: No Agreement on Sale Talks (November 16, 2010)
A-Tec Subsidiary: Negotiations with Banks have Failed (November 15, 2010)
A-Tec: No Agreement Yet (November 8, 2010)
Read More
ATec, Mirko Kovats, Styria, Construction Industry, Engineering Industry, AE & E, Andritz, Illiquidity, Restructuring, Bankruptcy, Insolvencies, KSV
Featured
Coronavirus in Austria: Update
Coronavirus in Vienna: Update - May 29, 2020
Coronavirus in Austria: Live-Ticker
COVID-19: Current Key Figures from Vienna
See latest Vindobona Newsletter