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Reorganiser Grossnigg is interested in S&T

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.

Reorganiser Grossnigg is interested in S&T / Picture: © E.F.Grossnigg Finanzberatung und Treuhand-GmbH

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…

This article includes a total of 324 words.

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