S&T Realizes Capital Increase and Investor Participation

Companies ♦ Published: November 24, 2011; 19:20 ♦ (Vindobona)

Quanmax AG and grosso holding are new majority shareholders of the Austrian IT consulting company, which is planning to return to profitability in three phases.

S&T Realizes Capital Increase and Investor Participation / Picture: © S&T Austria GmbH

Following the approval by S&T shareholders, the Austrian Monopolies and Mergers Commission as well as the Takeover Commission gave go ahead to new investors’ participation by capital increase. The increased equity brings a second chance for S&T, improving the financial standing and creditworthiness of the company.

S&T receives a total of € 24m from issuing new…

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