Article Tools

Kovats with New Plans for A-Tec

Published: August 24, 2011; 10:55 · (Vindobona)

According to a new proposal, Penta Investments should only take over part of the Austrian conglomerate. CEO Kovats has submitted an own offer with financial support from a Pakistani billionaire.

Kovats with New Plans for A-Tec / Picture: © Reuters

Mirko Kovats, CEO of A-Tec Industries, is still looking for ways to retain control over his insolvent group. Penta Investments, which was deemed to be the favorite for a takeover, reported that it was asked by Kovats to bid for only the minerals and metals division.

The Czech-Slovak group’s investment manager Jakub Korinek said he was surprised by A-Tec’s new plan. “We are…

This article includes a total of 204 words.

or Log In

Fast News Search
Related News
Further Delay in Sale of A-Tec (August 18, 2011)
Positive Half-Year Results for A-Tec (August 11, 2011)
Sale of A-Tec Imminent – Mirko Kovats Attacks Politicians and Banks (August 11, 2011)
Penta Is Extending Offer for A-Tec (July 28, 2011)
House Searches at A-Tec’s Management (July 20, 2011)
A-Tec: Kovats Wants to Stay on Board (July 15, 2011)
Read More
ATec, Mirko Kovats, High Tech Industry, Insolvencies, Restructuring, M & A, Penta, Czech Republic, Slovakia, Pakistan
Featured
Embassy of Austria in Islamabad, Islamic Republic of Pakistan
Meet the Ambassador of the Czech Republic to Austria: H.E. Ms. Ivana Cervenková
Meet the Ambassador of the Islamic Republic of Pakistan to Austria: H.E. Mr. Mansoor Ahmad Khan
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter