Wolong Holds 98.8% in ATB Austria

Businessn.a. ♦ Published: December 13, 2011; 19:49 ♦ (Vindobona)

The Chinese Wolong Group has almost finished its complete takeover of the former A-Tec subsidiary ATB.

Wolong Holds 98.8% in ATB Austria / Picture: © ATB

The stake of Wolong Group in ATB already reaches 98.81%. For shareholders, who have not agreed the offer by Wolong yet, have an additional deadline until March 13. In the first step, Wolong´s offer amounted to € 5.75 per share. This deadline expired by December 7. Bank Austria acted as point of acceptance.

On December 30, an extraordinary shareholder meeting will take place at…