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Kovats Stays On as CEO of A-Tec

Published: February 12, 2011; 14:01 · (Vindobona)

The restructuring plan for the insolvent A-Tec has been approved by the shareholders. Due to the lack of an alternative, Kovats stays.

Kovats Stays On as CEO of A-Tec / Picture: © Reuters

99.99% of the shareholders approved the plan to restructure the insolvent A-Tec. Approval by the creditors’ meeting had already taken place in December.

The restructuring plan provides for the fulfillment of a 47% quota over two years. To this end, the final sale of A-Tec is necessary, but the group has already been divested from its main division, AE&E.

Mirko Kovats…

This article includes a total of 235 words.

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