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Reorganiser Grossnigg is interested in S&T
People ♦
Published: September 9, 2010; 15:17 ♦ (Vindobona)
The in deficit IT group S&T is about to be restructured. Format, the Austrian magazine, reports that reorganizer Erhard Grossnigg intends to take over the majority of shares.
There is little joy over S&T on the stock market. The shares of the in deficit IT company – priced at 54 € three years ago, nowadays at only about 8 € - are hardly traded.
Therefore, the company will be excluded from the Prime Market of the Vienna Stock Exchange on September 20.
The company’s performance has also been sluggish on the markets. The…
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