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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.

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