Kovats Has to Increase Quota

People ♦ Published: December 8, 2010; 00:00 ♦ (Vindobona)

The remaining divisions of the insolvent A-Tec Group are being valued. Kovats will not be able to avoid an increase of the quota for the creditors.

Kovats Has to Increase Quota / Picture: © Vindobona.org

Last week, the business consultancy Deloitte submitted a report on the two A-Tec divisions copper (Tyroler Montanwerke) and machine tools (Emco). The value of these two divisions is said to amount between € 150m and € 200m.

By next week, a complete list of all assets will be ready, according to creditors’ spokesman Hans-Georg Kantner. The A-Jet airline has to be added to…