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TLM Sale Process Stopped

Published: June 8, 2012; 17:05 · (Vindobona)

Austria´s Hypo Group sells the Croatian aluminum company TLM. After the signing with the designated buyer, the Swiss Montana Group, the sale must be re-started.

TLM Sale Process Stopped / Picture: © Flickr

The planned sale of TLM by Austrian Hypo Group Alpe Adria must be re-started. According to a spokesperson at Hypo Group, the closing with the buyer Montana Tech Components (MTC) must be postponed. Initially, Hypo Group intended to conclude the sale until August. In February, MTC and Hypo Group signed the deal.

According to Hypo Group, both parties agreed on a re-start, after…

This article includes a total of 371 words.

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