S&T Signs Partnership with Quanmax

Businessn.a. ♦ Published: September 5, 2011; 09:45 ♦ (Vindobona)

A Term sheet on investor participation between the two Austrian IT-companies has been signed.

S&T Signs Partnership with Quanmax / Picture: © Vindobona.org

S&T AG has signed a term sheet with investors Quanmax AG and grosso Holding GmbH and the financing banks. This term sheet contains all essential conditions for a planned participation of these investors by capital increase and the restructuring of the financial liabilities. After the implementation of the capital increase the investors will be holding an about 80% majority in…

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