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Victory AG Sold to China

People ♦ Published: October 22, 2011; 16:41 ♦ (Vindobona)

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The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.

Victory AG Sold to China / Picture: © Telekom Austria Group 2013-Pecik_CV_English

Ronny Pecik sold his investment company Victory AG to the Hongkong-based First World Technology Ltd. Victory has been founded by Pecik and the CEO of the insolvent A-Tec, Mirko Kovats.

Victory AG will be transferred including all assets and debts. Which assets the company still has, is not known in detail. But market observers expect that the main asset are shares of the Swiss…