Polytec: Withdrawal of RLB Oberösterreich?

IndustrialsAutomotive ♦ Published: November 4, 2010; 12:22 ♦ (Vindobona)

According to market information, the Raiffeisen Landesbank Oberösterreich (Upper Austria) will separate from the auto supplier, who was badly hit by the crisis, but is writing black figures again.

Polytec: Withdrawal of RLB Oberösterreich? / Picture: © Polytec

Raiffeisen Landesbank Oberöstereich (RLB) owns 20% of the auto supplier Polytec since last year. RLB bought shares from Stefan Pierer’s Cross Motorsport Systems and from UIAG. According to market rumors, this stake is to be sold again. Financial investors are said to show interest, but there have been as yet no official statements.

Just a year ago, Polytec was in a…